Have you ever failed in a business?

[nomad]

Failure in a business is a common phenomenon, I have had three businesses in the past and I failed in all of these businesses. My first business was a publishing house. I had to shut down the business in 5 months and made a huge loss. The second business was a restaurant and I was able to run it for just 3 years.

 

[Bisolami]

Failure in a business is a common phenomenon, I have had three businesses in the past and I failed in all of these businesses. My first business was a publishing house. I had to shut down the business in 5 months and made a huge loss. The second business was a restaurant and I was able to run it for just 3 years.

I failed in my first business which was a clothing business. I am yet to start it back because I need a lot of capital to do so

 

[flower]

I have failed in multiple businesses and failures are actually meant to hone our skills and to give us more experience on how to become better in the future .

 

[uptrendfinancialsignal]

I have failed in multiple businesses and failures are actually meant to hone our skills and to give us more experience on how to become better in the future .

It is true that failure would expose you to more experience and you will tend to perform better in the future.

 

[Springtime]

I have not owned any business before but I have worked for a start up which failed. From my observation, the main reason of the failure was overspending. They rented an office in an expensive business location, entertained customers at restaurants in hotels. Sales were not up to expectation. At the end, the company has to close down due to liquidity problem.

 

[Reedex]

It is true that failure would expose you to more experience and you will tend to perform better in the future.

Sometimes failure is necessary to hone our skills and make us better.

 

[eldavis]

Yes i have failed before. Some time back i decided to try blogging, and i failed in it before i even started writing. I decided to try affiliate marketing, in the end things didnt go my way.

 

[Starmix]

My first business failed because of corona virus. There were no renters of my inherent cafe due to series of lockdowns. And then most of the people installed their preferred Internet service provider. I sold my business.

 

[Shavkat]

I have not experienced it yet. I do hope that it would not happen to me in any field of business. It would not be a good feeling to failed in having a business.

 

[Magnus2022]

My business have failed totally. Am planning to close it down. It is very painful but am taking it in good faith. I see it as one of the experience you must pass through before you become successful. Life is learning process.

 

[Starmix]

I didn't hesitate to close and sell my business I'm hoping my milk tea business will never experience failure. It's not easy to build a business only to fail because of some unforseen circumstances.

 

[Johnson2468]

I have failed in some businesses I did some years back due to lack of knowledge, so in any business you want to do it is necessary to first invest in knowledge

 

[Starmix]

You got the good point it should be better to acquire knowledge and skills before jumping to conclusions which may lead to despair. It's good to prepare a thorough planning.

 

[cherry123]

I think I didn't do well or really failed in my first business which was selling data business. I am yet to start it again but I will soon start a cement business

 

[Starmix]

That's a good business to start cement selling. Purchase some bags of cement direct to the processing company to avail of a discount. This way, you can make big profit.

 

[Reedex]

I have filled in one business and it is traumatic.

 

[Niyi Briggs]

Failure is part of all businesses
I have failed woefully in snail farming. I learnt though and I have become good in the business.

 

[uptrendfinancialsignal]

I have failed in a business multiple times and it is not wrong but learning from such is important.

 

[Etini Willie]

I have failed in my attempt to start a boutique. I invested so much money but no sales would come in for a whooping one month. I had to sit down and see where the equation did not add up, I realized that it was because of the location of the business.

 

[Niyi Briggs]

I have tried out about 4 businesses before I started my farm and I failed in them all. I have even failed in my poultry business and had to close down for a while but I know I have become more knowledgeable in business.