Would you sell a falling business or rebuild?

[eldavis]

These days for most people, the easiest way out when a business is no longer generating profits the way it should is by selling the business. Then there are others who do try to rebrand and rebuild. Would you sell your business if it's not generating profits like it used to or would you try rebranding.

 

[SHAHID987]

It remain better to try to rebuild it, if feel there is no chance then its better to sell and start new one, or take any job. In my case I will firstly focus to sell it, because in trying to rebuild it I may face further loss.

 

[eldavis]

It remain better to try to rebuild it, if feel there is no chance then its better to sell and start new one, or take any job. In my case I will firstly focus to sell it, because in trying to rebuild it I may face further loss.

True, this is why most simply resell, they are trying to prevent themselves from experiencing losses. For me i feel selling should be an option only when you believe you can no longer rebuild the business back again.

 

[Fidelia]

It depends on the cause of the business failing. I believe that sometimes, it is better to cash in on your business than try to salvage it and still go bankrupt. If the business logically would not work again in your hand, better to sell it.

 

[Starmix]

I rather rebuild my failing business than sell it. I spent time and money just to have it materialized. In rebuilding planing more is required, innovating and checking the products availability.

 

[kirubel]

If my business is falling i will try my best in order to have it back and to protect it from falling and losing my business but if its beyond my capacity and i can't save my business it will be better to sell it to a better person who can run it better than me than losing my business and lose my investments.

 

[Starmix]

It is best to rebuild the failing business and not sell it because we spent money capitalizing on it. Adding the capital and the right planning must be done to save the sinking business.

 

[eldavis]

It depends on the cause of the business failing. I believe that sometimes, it is better to cash in on your business than try to salvage it and still go bankrupt. If the business logically would not work again in your hand, better to sell it.

Well like you said it depends on the level of things and the situation of the business. In some cases they would rather sell it completely or sell part of it. This is why we have some companies who merge with others.

 

[cherry123]

I will try to rebuild it knowing that it is not good to always give up easily so I won't want to just give up at once. I will rebuild it.

 

[Stardom22]

For me l prefer selling that failing business. This is because l find it more conveniently to start another one with a fresh energy than rebuilding something that hasd once failed.

 

[Starmix]

My business may have s sentimental value so I won't give it up but rather make it alive and to stand out among it's competitors. I have to save my reputation.

 

[ekta]

The decision depends on factors like the cause of the decline, market trends, and personal circumstances. If there's a viable plan to address issues and revive the business, rebuilding may be an option. Otherwise selling could be considered.

 

[HansonU99]

It is best to rebuild the failing business and not sell it because we spent money capitalizing on it. Adding the capital and the right planning must be done to save the sinking business.

I also think same it's best to rebuild a failing business than to sell it off do you know why because once you sold it then you can't have it back so it's going to be your favour to rebuild a business

 

[nomad]

I have failed on businesses multiple times and I never rebuilt my failed businesses, I always started a new business. I did try to sustain my businesses, however, when I lost hope, I gave up.

 

[Niyi Briggs]

It depends on the potential that the business has. If the business has potential of flourishing with me, I won't sell it.

 

[Kosi G]

If the business is my passion and I have conviction about it, I would surely try to revive it back. I would sell if reverse is the case.

 

[Clandestine]

It takes lots of considerations to make that decision to close or continue a business when it is failing.