Business losses

[Starmix]

There are many reasons why having business losses. And one of the most common reasons for losses in business is a lack of cash flow. This happens when the business owner failed to see or recognize the expenses that may cause insufficient funding. This may not keep a business afloat. There might also be fluctuations in sales and the inflation factor too. There might be a poor utilization of assets and lack of proper costing and pricing, absence of planning and budgeting.

 

[Bisolami]

Another reason for business loss is not having the time to monitor the business and that is why it is good to employ someone who can monitor it when you know you don't have the time

 

[Shortie]

Business losses are bound to happen if it is your first time going into business and starting up a business, the key is to learn from those mistakes and then avoid doing the same thing again.

A lot of the time it's the finances and not keeping an eye on them like you should do which results in losses in a business which eventually will result in your business collapsing.

 

[Starmix]

Business losses are bound to happen if the business owner lacks monitoring and strategic planning. Weekly inventory must be done to check the situation of those products that are weak and replaced them with what the customers want.

 

[IB D]

Businesses make occasional losses and move from it. Even very big businesses also make losses.

 

[Starmix]

In business, it is either win or lose, so the best thing to do is plan well and be patient to endure. If you limited patience in business, then you will lose.

 

[eldavis]

Another reason for business losses could also be unforseen expenses or unforseen situations they have to deal with. There are cases where some businesses have lost everything due to their goods having accidents on the way.

 

[King Belieal]

I have lost money greatly in business. But overtime, my profits has completely overshadowed all those losses.

 

[Starmix]

A business not cared of may fall to the ground. Business losses happens when the business owner does not innovate, no planning and no inventory to know the strengths and weaknesses of his business.

 

[Kosi G]

I don't think lack of cash flow causes losses for businesses. It is the losses that lead to low cash flow.

 

[Starmix]

Avoid losses in business. You have to make it well . Make it profitable and stand tall.

 

[nomad]

You might have started your business with high hope but despite working hard your business might not deliver the results, losses are common