Would you restart a business if it fails once?

[eldavis]

While we all plan to succeed in anything we do, things do not always go out way. Have you every tried a business but failed? If given the chance, would you try that same business again or simply move on to another. For me it depends on the business, if it's one I am completely about it's potential, then am definitely going to try again rather than give up.

 

[Starmix]

For me, it depends. If the location is the reason for a business failure, then I must not reconstruct it. I better sell it and move to a location where the target market shows its potential and reliability to succeed.

 

[SHAHID987]

My first business was bookstore business, there I failed. The main reason of failure was my lack of interest in this business. After so many years I started business again but this was not the same rather I started general store, to which I like most.

 

[nomad]

I have failed in businesses three times. Would I restart these businesses? Certainly not. I would rather prefer to start a new business instead of working on something that already failed.

 

[eldavis]

For me, it depends. If the location is the reason for a business failure, then I must not reconstruct it. I better sell it and move to a location where the target market shows its potential and reliability to succeed.

Yes one thing that would help you decide if you should give the business another try again or not is knowing the reason why it failed in the first place. Once you know the reason it can help you decide if you should start again or not.

 

[Starmix]

Yes one thing that would help you decide if you should give the business another try again or not is knowing the reason why it failed in the first place. Once you know the reason it can help you decide if you should start again or not.

That is right and as a business owner, you always have an idea about the cause and effect of your sales that are getting slower. in case, it could be remedied much better . It is also not good to decide to sell the business without proper reasoning.

 

[cherry123]

Yes I would it is not good to always give up almost immediately. Try it again and again

 

[Starmix]

We learned a lesson so let us give our business to be alive and profitable again Just don't give up.

 

[timewo]

It is not feasible to start an online business based on link sales or advertising because Google has been extremely ruthless in destroying all competition.

 

[Starmix]

If our business could still be remedied, then let's proceed and never allow it to fail again. Let's strive harder.

 

[freelancermaria]

I will assess the situation first. If I can breathe new life into that business, I will relaunch it. I am not one to give up easily.

 

[Starmix]

I will not start but revive my failed business. It could be remedied by adding a capital.

 

[King Belieal]

A business failing just one time is not enough for you to give up on the business. Anyone that does that can never grow in business.

 

[Shavkat]

I think I need to conduct a business feasibility study to determine if it is still viable to have this failed business.