These days for most people, the easiest way out when a business is no longer generating profits the way it should is by selling the business. Then there are others who do try to rebrand and rebuild. Would you sell your business if it's not generating profits like it used to or would you try rebranding.
Would you sell a falling business or rebuild?
- Thread starter eldavis
- Start date
It remain better to try to rebuild it, if feel there is no chance then its better to sell and start new one, or take any job. In my case I will firstly focus to sell it, because in trying to rebuild it I may face further loss.
- Thread starter
- #3
True, this is why most simply resell, they are trying to prevent themselves from experiencing losses. For me i feel selling should be an option only when you believe you can no longer rebuild the business back again.
It depends on the cause of the business failing. I believe that sometimes, it is better to cash in on your business than try to salvage it and still go bankrupt. If the business logically would not work again in your hand, better to sell it.
If my business is falling i will try my best in order to have it back and to protect it from falling and losing my business but if its beyond my capacity and i can't save my business it will be better to sell it to a better person who can run it better than me than losing my business and lose my investments.
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- #8
Well like you said it depends on the level of things and the situation of the business. In some cases they would rather sell it completely or sell part of it. This is why we have some companies who merge with others.
The decision depends on factors like the cause of the decline, market trends, and personal circumstances. If there's a viable plan to address issues and revive the business, rebuilding may be an option. Otherwise selling could be considered.
I also think same it's best to rebuild a failing business than to sell it off do you know why because once you sold it then you can't have it back so it's going to be your favour to rebuild a business
It depends on the potential that the business has. If the business has potential of flourishing with me, I won't sell it.
It takes lots of considerations to make that decision to close or continue a business when it is failing.
