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Have you ever lost your business?

So far my two businesses have, even though they are still quite small and I am still building them up survived. One is a freelance business and the other is a video game content creator business.

I am at the moment focusing more on my freelance business but I do still do things for my video game content creator business as well.
 
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I've never lost any of my business which will force me to close down suddenly. It's a big set back for any entrepreneur to be in this tough situation. You will begin the whole process of starting another business again. There are some who would quit outrightly.
 
I've never lost any of my business which will force me to close down suddenly. It's a big set back for any entrepreneur to be in this tough situation. You will begin the whole process of starting another business again. There are some who would quit outrightly.

I do not own any kind of business right now, so the question of losing my business does not even exist in the first place. It might be possible that I might start a good business in the future. However, there are many reasons why a person may lose his or her own business. A person taking over the business might be one of the reasons.
 
It is normal to have situations where you experience some losses in business. I mean it is not a big deal to have some dips in your business, but losing the business entirely is something that I can't even imagine. I mean I will always do everything to ensure that my business is sustainable.
There's losses and gains in business all the time. The losses are always being prepared for because the business will need a back up to cover up for the loss. I've not seen any business which was active the whole 12 months without experiencing some losses.
 
There's losses and gains in business all the time. The losses are always being prepared for because the business will need a back up to cover up for the loss. I've not seen any business which was active the whole 12 months without experiencing some losses.

Well, there are many successful businesses out there. What makes these businesses stand out from other businesses is the fact that they are always prepared for the loss. They have big cash reserves and back up financial plans that help them survive.
 
Well, there are many successful businesses out there. What makes these businesses stand out from other businesses is the fact that they are always prepared for the loss. They have big cash reserves and back up financial plans that help them survive.
Financial back up for a business as a result of expectations should their be any loss isn't a privilege most businesses enjoy. Majority of businesses reduce their risk in businesses they are going into to prevent loosing what may bring doom for the business.
 
There's losses and gains in business all the time. The losses are always being prepared for because the business will need a back up to cover up for the loss. I've not seen any business which was active the whole 12 months without experiencing some losses.

Yes, you will win some and lose some. It has not been easy for many businesses in my location as some are experiencing some losses that are abnormal because of how the economy is. I always hope that the losses won't make them close up businesses soon.
 
Financial back up for a business as a result of expectations should their be any loss isn't a privilege most businesses enjoy. Majority of businesses reduce their risk in businesses they are going into to prevent loosing what may bring doom for the business.

Financial backup may refer to many different kinds of assets such as cash reserves and fixed assets such as properties that are usually owned by a business. When businesses face financial difficulties, they tend to rely upon such kind of assets in order to deal with problems.
 
Yes, you will win some and lose some. It has not been easy for many businesses in my location as some are experiencing some losses that are abnormal because of how the economy is. I always hope that the losses won't make them close up businesses soon.
The effects of inflation have made business profits to be reduced. With all the work they have been doing, they won't make more profit and they have more expenses to pay for. It's in such cases, taking more losses in businesses can be very hard on the business.
 
It is normal to have situations where you experience some losses in business. I mean it is not a big deal to have some dips in your business, but losing the business entirely is something that I can't even imagine. I mean I will always do everything to ensure that my business is sustainable.

When you know what it took you to plan, start and grow your business, you will never be at ease whenever your business is facing a challenge that's going to see it implode. It's very difficult to revive a business that's dead. This is why it's very important to never allow your business die off before you start the process of reviving it.
 
When you know what it took you to plan, start and grow your business, you will never be at ease whenever your business is facing a challenge that's going to see it implode. It's very difficult to revive a business that's dead. This is why it's very important to never allow your business die off before you start the process of reviving it.

There are many people who literally sacrifice many things in order to build a business. However, they eventually lose each and everything in a very short period of time. this could be extremely heartbreaking for many people who did their best in order to create a business.
 

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