Is failure an excuse to quit a business?

[cherry123]

And even if a plan fails, we can always make another plan because I believe that plans do not end

Planning is a continuous process so you keep planning still till works for you

 

[Bisolami]

Planning is a continuous process so you keep planning still till works for you

Yes ooh
If you feel like one plan has failed, feel free to come up with another plan. Plan no dey finish

 

[cherry123]

Yes ooh
If you feel like one plan has failed, feel free to come up with another plan. Plan no dey finish

planning is a continuous thing or process no need stopping it

 

[Bisolami]

planning is a continuous thing or process no need stopping it

You're right ooh
There is no need to stop planning. Even when it feels like you have no more idea on your head, talk to people

 

[cherry123]

You're right ooh
There is no need to stop planning. Even when it feels like you have no more idea on your head, talk to people

I totally agree with you. Get some more ideas from others and continue from where you stopped.

 

[Stardom22]

Most folks take it as an excuse for quitting business. Surely it is cause one cant run a business when already failed in getting finds for the business.

 

[Reynico]

Failure is a part of life, especially when starting a business. You might have the best idea in the world, but you won't succeed every single time and that's okay.

 

[Sanjeev]

Having a business is not easy. Some start there businesses but failed a first and some of them gave quit the business.
So should we quit just because the business is not doing well or we continue?

No, we should learn from the failures and try to revive the business. Sometimes the business runs after the loss when we work hard.

 

[Carson20t]

The are two ways to make a stable business and that is first create something that has never existed or improve what is already in existence.It is that simple but above everything you must know VIABILITY and SCALABILTY as that will guide you to concentrate on what will work.You will continue to invest on what is working and perfecting it until it is ready to sell on the market.At times we do not start with the final product but rather with entry strategies that will eventually lead us to the exit stretegy.So people who quite should not even start in the first place because they luck the precision to always have the ability to rise above the challenge.

 

[Hate2Wait]

The more we learn the better it will be for us as we can do better in the business with more experience

 

[Hate2Wait]

No, we should learn from the failures and try to revive the business. Sometimes the business runs after the loss when we work hard.

There are different ways to revive a business and we need to see what works for us because one plan or thing cannot work exactly for the other

 

[Sanjeev]

There are different ways to revive a business and we need to see what works for us because one plan or thing cannot work exactly for the other

Most businesses fail because of the financial crisis or obsolete technology both can be overcome if we apply our minds or get a consultancy/loan for it

 

[Hate2Wait]

Most businesses fail because of the financial crisis or obsolete technology both can be overcome if we apply our minds or get a consultancy/loan for it

Yes and many companies also hire experts that can help in reviving their business

 

[Sanjeev]

Yes and many companies also hire experts that can help in reviving their business

That's why we should have an R&D section which can always think of the changes in the product and make it better and more competitive in the market.

 

[freelancermaria]

Don't give up if you've already declared your current startup a failure. The majority of people believe that failures teach us more than successes. Leaving a situation without gaining any knowledge is useless.

 

[puroypoi]

For me, sometimes it does. especially if failures keeps on repeating, it's telling you need to try something else.

 

[iyanpol12]

Failure is part of a business. If a certain business didn't work, maybe you need to assess, and go for a better plan.

 

[Bisolami]

I totally agree with you. Get some more ideas from others and continue from where you stopped.

But whenever things feel like it is not working the way it is supposed to work, I always love to take a break so that I will be back stronger

 

[cherry123]

But whenever things feel like it is not working the way it is supposed to work, I always love to take a break so that I will be back stronger

More like you are just down not our. Your idea isn't a bad one.

 

[jetsaints30]

Think about what went wrong and consider whether making some changes could make all the difference. Try something new or adjust your strategy; ask for help if necessary and push through challenges.