What advise would you tell your friend to keep the business from failing?

[Ghost1]

If his business is falling and we've devise all the ways but seems negative, I'd advise him to quit. Generally, if a business falls then you are not doing something right, it's the matter of if you can do the right thing or not

 

[Tracee]

If you want to start a business it's advisable to do some research pertaining that business and then plan wisely on how to invest your funds, last but not least always have a plan B.

 

[Kubiat-Abasi]

I'll tell my friends to make use of online advertising to promote their business, avoid selling products on credit to avoid collapse of business, be ready to learn, unlearn and relearn, augment their skills by attending workshops and improve on packaging.

 

[Justin]

If someone is repeatedly failing in business, I think he needs to stop doing business. You might fail once or twice, but if you fail again and again you need to do something else.

 

[Sotherefore]

You just have to be careful in your business and you have to manage your business as much as you can .you have to also understand that giving products or services on credit is one of the things that can make your business to fail.

 

[Josan]

Energy, time and money is what keeps a business but then if these are in place then what will happen will him trying to advertise the company business online and at a point get work.

 

[tray591]

If his business is falling and we've devise all the ways but seems negative, I'd advise him to quit. Generally, if a business falls then you are not doing something right, it's the matter of if you can do the right thing or not

quiting is never an answer to that problem,the only thing is keep trying you need to keep trying or you seek an advice from an old mentor then you will be able to operate the business successfully,another thing is if you use to give out credit then you dont need to do that because you will run out of capital to finance the business which can lead to failure mostly those customers that dosnt pay their debt on time

 

[Ononivami1]

The best advice to keep the business from failing is to keep working harder and smarter. It would definitely pay at the end.

 

[Toyoabasi]

I know some of you have friends who are in business, or maybe you, yourself hàve a business. Sometimes, whether we like it or not, som business fails. What advise would you give yourself or your friend to keep the business from failing?

I would advise my friend to ensure that his or her business is properly planned out. Also, he or she should desist from incurring debts as this can eventually lead to a failing business.
He or she should ensure that customers' satisfaction is taken into cognizance.

 

[Hrtbeat]

Putting your customers’ needs first is one way to ensure success. If you're giving your customers what they need, they won’t have to look elsewhere. If you’re not entirely sure what your customer wants, ask! Make sure you fully grasp what your customer expects and let them know why you’re the best choice for supplying it. Checking in with customers is a good practice for any business, struggling or successful. It’s a great way to get on the same page and remind customers that you’re working hard to maintain their business.

 

[Skysaint]

Well, he should have started off by choosing a very good location and he or she should also try to offer very quality product to their customers or atleast one that's worth what the customers have to offer.

 

[kinqzbitz]

Well I would say you should try to advertise more and also try to gain more knowledge about the business you are into,meet people who have the same business as yours and ask them how they managed to grow their business then you learn from them

 

[Godspower]

I would advise him to maintain financial discipline in his business by spending the profits from his business wisely. I would also advise him to advertise and market his goods or services on the social media in order to get more customers.

 

[Kaffyfolla]

My advice for a friend who is falling in business is to be focused and study the aspect where the problem lies to put amendments, never relent until you succeed

 

[tusziget]

If my friend would have a business of little or no success, I would advise him to come up with a new product. And with a new marketing strategy. Advertisement is the soul of a business. He could hire a company, which could create an effective ad. This way, the people could form a good impression of his business.

 

[Kvngsammy]

To ensure your business doesn't fail, take your time in learning the ropes; don't join the bandwagon - because people are doing same thing, you just do it.
Also ensure you're disciplined in money management. Always ensure you don't eat up your profits and reinvest parts into the business to grow.

 

[tyrim88]

Reason for not failure of business is marketing strategy selling of market demand goods

There are variuos reason for the failure of most busineses,one of them is the lack of proper accountability of financial records,and another is the issue of lack of good marketing strategy to be attracting customers on a constant basis to the business.

 

[Syldan]

Well, if a business is not moving well as expected or a business is experiencing failure, the best thing to do is to embark on research or survey, and find out what the cause if the business failure is all about. And then try to fund out solution to the problem at hand.

 

[joy101]

I will like to advice my friends when going into business them should really plan about their business very well, so that the business will keep growing because business without good planning will not succeed.

 

[Lucy ID]

I'll advise them to work on their financial management, to know one thing that there is always advantages and disadvantages in every business likewise profit and loss therefore they have to be very patience and mange well their finances