How would you avoid losess in your business?

[Lens]

It will be acutely onerous to eradicate losses wholly from the business. There are lots of things that you will need to put into consideration before you could say that you would avoid losses fully. One of the things that could make you avoid losses is earning the risk savvy involved in the business.

 

[Bisolami]

It will be acutely onerous to eradicate losses wholly from the business. There are lots of things that you will need to put into consideration before you could say that you would avoid losses fully. One of the things that could make you avoid losses is earning the risk savvy involved in the business.

The best way to avoid losses in your business is to make the right business plan and also budget for every money are going to spend

 

[Good-Person]

The best way to avoid losses in your business is to make the right business plan and also budget for every money are going to spend

Analysing the future prospects of the business is the best way to avoid losses. Understanding the business is also very important.

 

[Bisolami]

Analysing the future prospects of the business is the best way to avoid losses. Understanding the business is also very important.

There is no point in trying to engage in a business that you barely know about

 

[Salt]

Its not easy but if you are good at decision making and are able to forecast the market situation then you can certainly save yourself from losses

 

[Bisolami]

Its not easy but if you are good at decision making and are able to forecast the market situation then you can certainly save yourself from losses

But there are times when you will feel like you made the right decision and you will still lose.

 

[Salt]

Its not easy to predict the market situation and this is the reason why most companies have a team to access the situation and even have R&D wing to come up with new innovations

 

[Good-Person]

Its not easy but if you are good at decision making and are able to forecast the market situation then you can certainly save yourself from losses

It is very important to understand the business in the first place before you start trading or conducting business in order to avoid loss.

 

[Salt]

It is very important to understand the business in the first place before you start trading or conducting business in order to avoid loss.

If you don't understand the business then you cannot make any decisions for that so you better first learn about it or hire some professionals to take such decisions

 

[Good-Person]

If you don't understand the business then you cannot make any decisions for that so you better first learn about it or hire some professionals to take such decisions

It is very hard to hire a person if you do not understand the basic of business yourself. You could get cheated.

 

[Bisolami]

It is very important to understand the business in the first place before you start trading or conducting business in order to avoid loss.

It is important to learn about the business and also have a mentor before you start it

 

[Starmix]

To avoid losses of my business, I have to ensure my business against losses. I have to do weekly inventory and conduct feasibility study how to promote volume sales.

 

[Good-Person]

To avoid losses of my business, I have to ensure my business against losses. I have to do weekly inventory and conduct feasibility study how to promote volume sales.

I always try my best to create the right sort of strategy in order to minimise my losses.

 

[Salt]

It is very hard to hire a person if you do not understand the basic of business yourself. You could get cheated.

This is what we notice most of the times and that's why its hard to let a stranger make all the decisions for your business

 

[Starmix]

I always try my best to create the right sort of strategy in order to minimise my losses.

It is a must to also have our daily planning for a change. Also, doing inventory to your business is also a must to resolve issues of your business. Through it, you will know the strengths and weaknesses of your business.

 

[Salt]

There is no hard and fast rule to keep ourselves safe from any losses and different companies have different plans to tackle that and having the requires skills help you to take correct decision

 

[Inem]

Always produce the quantity that you can produce per time. Don't over produce beyond what the market can buy and end up making a loss.

 

[Starmix]

To avoid losses in your business, you must plan well before starting your business. See to it that you are in the right location where people are seen as potential customers. You must also have a standing capital.

 

[Salt]

Planning is the most important thing for every business and they also need to have a back up plan to be able to use in case the main plan does not work

 

[Starmix]

Planning is the best measure to avoid losses. You also need bigger capital. Always do the inventory to get updates on the limits of your stocks or get updates of the weak points of your business