How do you manage to control the rate at which the business is making losses?
- Thread starter Stardom22
- Start date
I had seen some companies resort to massive terminations. It is the last option for them to survive in the business world. It is sad to say, but they need to execute this even if many of their employees will lose their jobs.
Controlling losses in business is a tedious one . You need to be very proactive and adaptable as well . All business owners should know that losses were inevitable, but should know how to manage them.
To control the rate of losses for the business, you have to pause production nad sales to re-evaluate what is the cause of the business making losses.
My business only occasionally makes losses and it is always from identifiable mistakes from my end. I always make sure to correct those mistakes.
