While we all plan to succeed in anything we do, things do not always go out way. Have you every tried a business but failed? If given the chance, would you try that same business again or simply move on to another. For me it depends on the business, if it's one I am completely about it's potential, then am definitely going to try again rather than give up.
Would you restart a business if it fails once?
- Thread starter eldavis
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My first business was bookstore business, there I failed. The main reason of failure was my lack of interest in this business. After so many years I started business again but this was not the same rather I started general store, to which I like most.
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- #5
Yes one thing that would help you decide if you should give the business another try again or not is knowing the reason why it failed in the first place. Once you know the reason it can help you decide if you should start again or not.
That is right and as a business owner, you always have an idea about the cause and effect of your sales that are getting slower. in case, it could be remedied much better . It is also not good to decide to sell the business without proper reasoning.
I will assess the situation first. If I can breathe new life into that business, I will relaunch it. I am not one to give up easily.
A business failing just one time is not enough for you to give up on the business. Anyone that does that can never grow in business.
