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

[AruneBend]

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?

Maybe hiring a good business consultant if you don't know what you are doing but I don't really want to tell my friends what they should do and what they shouldn't unless they want my help

 

[Connor909]

Develop a strong business plan: Create a well-thought-out business plan that outlines objectives, tactics, and financial projections to help the company move in the right direction. regularly assess and make adjustments. Review the financial performance and the company strategy frequently and make adjustments as necessary to take advantage of new opportunities and challenges.

 

[Shigobad20201]

Before starting a business at all , I will advise him to have a good business plan laid out for his or her business because that will be the guideline for the future of the business,