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Is it a good idea to invest in a failed business? Do you think it is a wise decision to bail out a failed business so that you can give it a new life? can a failed business become successful by investing again?
Is it a good idea to invest in a failed business? Do you think it is a wise decision to bail out a failed business so that you can give it a new life? can a failed business become successful by investing again?
There are various indixes that can point out that a business can be revived.If the issue is as a result of lack of funds to finance a prospect,then it is ok to invest.if the market is already there and the business lack adequate manpower to drive operations,then the best hands need to be employed.Is it a good idea to invest in a failed business? Do you think it is a wise decision to bail out a failed business so that you can give it a new life? can a failed business become successful by investing again?
But I personally think that if a business is already fail to sustain in the market, is better to skip. In such a case I would recommend to try for any other business which has better scope.If you can see that the business has a lot of more opportunities you can tap into despite it being a failure I think you just have o put in more effort and ensure that you restrategize before putting in more money
I can't try my hands in a failed business initiative. I can't start from where an entrepreneur who aren't Successful stopped. I love as I'm the first business owner.
A fail business is a risk for you to invest your money because you may not actually know the outcome of the business ,you really need to understand the reason why the business fail initially before you thinking of investingDefinitely, a failed business can still be bailed out of failures if you understand the reasons for the failure in the first place. To bail a failed business out, you must analyse the reasons for the failure so as to know how to avoid it in future.
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