Is failure an excuse to quit a business?

[Bisolami]

You need to know your bottom line. If your business continues to make a loss for a period of time, and you cannot think of any effective ways to revive it, it's time to close the business.

You should close your business when it feels like you are losing too much money into it instead of continuing

 

[IB D]

Failure is part of the business cycle. Failures should motivate you to see where you got it wrong and improve. It is not meant to make you quit. Anyone that easily quits a business is weak hearted and not fit for business.

 

[Heatman]

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

I know that it's always very difficult when someone fail in their business but it shouldn't be the end because it only proves that there is something that you didn't do right which resulted in the business to fail and as long as you get that right, your business will always succeed.

 

[LoukiaCharilaou]

Failure is not an excuse to quit a business. We should give it another try and if we see that the results are not the desired ones, then it is better to close it.

 

[Enxx]

I know that it's always very difficult when someone fail in their business but it shouldn't be the end because it only proves that there is something that you didn't do right which resulted in the business to fail and as long as you get that right, your business will always succeed.

But there is something that I just discovered. Even if we try on a business, the business might still not improve. So the best thing is to leave the business and to go for a better one. And before choosing another one we must first find information on the business so that it won't be like the first

 

[Heatman]

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

Failure is not an end in any business but actually a revelation that you did not do something right which if you are able to find out what that is and attend to it, you will definitely be successful.

 

[Niyi Briggs]

You don't have to quit a business because you failed. It is a chance to know more, learn more and do more.

 

[Johnson2468]

A lot of business do not do well at the beginning, so when you are facing challenges in your business just try to figure out where you are not doing well, adjust and move on

 

[Niyi Briggs]

It is part of the business cycle to fail. It just needs that you restrategize and see where the errors came in and you try it again.

 

[cherry123]

No, We should continue and work with different strategies but it you have to know when to stop especially when it is not still working as expected You did to know when to let go.

 

[Stardom22]

I think everyone starts business for the aim of Making profits and excelling in the business. So not all businesses manage to the success. However most businesses fail due to some reasons. It's the failure that causes the business to collapse in fact.

 

[Starmix]

A business could be revived. There is no need to quit or abandon your business, You must find remedies to make it alive and gain again. It is not easy to start a business , so it must be protected.

 

[IB D]

If every successful business person sits down to analyze the failures, you would understand that it is a learning curve. I have failed in my business and I have learnt to be better.

 

[AruneBend]

You should not give up many bussness have moments where the bussness is not doing great you need to think how you can improve and have patience

 

[Stardom22]

As for me I think the failure should not be observed as an excuse for the business to fail.
In a matter of fact, most businesses fail to overcome the failures in the business sector.

 

[Heatman]

We should continue and work with different strategies but it's ok to close business if it's continuously losing

It is actually when you quit that you have definitely lost because the reason why you are feeling is as a result of not doing something right and once you can be able to fix that, you will definitely succeed.

 

[hastral45]

Failure is not a genuine reason to quit a business. The fact that you fail in a business should not mean you should quit it and look for alternative. Rather you should look and examine what causes the failure and think about the way out. The failure is not always about the business but the perspective angle you are operating it.

 

[Bango]

No we shouldn't give up but sometimes you are on the wrong track. So I think it depends. If you are on the wrong path, you should not waste your time and look for new ways

 

[hastral45]

It's better to be the boss of our own. Having a job offline means having many bosses and having many requirements to comply.

Being your own boss is not easy as many people could imagine. It requires lots of dedication, seriousness, focus and perseverance. Rome is not built in a day. Success is not achieved immediately you start your own business. You are coming to encounter lots of challenges that only perseverance and focus could make you sail through.

 

[Niyi Briggs]

Failure is part of what we may experience in business. It is not a guarantee that if your business is succeeding, it might not fail with time. When business is not moving smoothly as expected, rise up and learn from your mistakes and do what it takes to keep the business growing