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

[shakky2]

it's not all about giving advice it also depends on personal motivation and discipline.i will advice that rome was not but in day, it's a step by step process.dont have the mindset that you will make it immediately you venture into a business, consistency and patience is the key and make sure you are optimistic about the growth

 

[Eyiteepraise]

The first thing I will do is to ask for his plans for the business. Then I'll advise him to do market research and get to know about his competitors strength and weaknesses. And he should also meet the customers point of need

 

[Seyesystem]

My advise for a business owner that runs his business daily in order not to fail in business is to keep on advertising his business and to ensure they maintain the quality standard of their products and the owner should put in place a good customers relationship. Lastly which is very important in business he must maintain effective internal and external controls in the business. If a business owner can maintain the above he is sure of continuity in business.

 

[iamgroot]

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?

Better ask him/her if he/she is happy with this business. If not, say to him don't fool himself and think of a new business. It is difficult to do business that you do not like or that you are not happy with. A lot of us because this is in-demand now, those are the business to run but they are not interested in what they are doing, its very unlikely that you like something you are not interested.

 

[Ifective]

Have a clear vision and mission statement and not deviate from it except you want to expand.
Also, find every means possible to satisfy your customers and don't promise what you can fulfil. Work according to your capacity

 

[Hdre3m3n]

I will advise him to know himself, his true motivational level, the amount of money he can risk and what he his willing to do to be a successful businessman. He should be sure there is a market for what he wants to sell

 

[ranaabubakar263]

If a friend of yours is in business even if he has no knowledge then first of all you have told him that your dedication in this is very important because it is very important thing for a successful business. we will do our best. At the same time you will have to search more about it.

 

[Bookwormlux1]

As a friend, I will advise him to get more information relating to his business. This would help him to restrategize and come up with better ways of succeeding. He should also consult a mentor who is succeeding in the business to help him with tips.

 

[Osaz96]

First before he starts the business I will tell him to get all the knowledge he can get about the business how to avoid losses and how to maximise profits. Then I’ll try tell him to startegize his savings and not spend lavishly because his business is bringing him profits. Then I will tell him to hire the service of an accountant or financial adviser to educate him on how to keep the books green, and also to tell him the importance of taxes and how to get right from the start.

 

[jeck9049]

In some cases, business is a gamble we didn't know if we will lose or win, but if you have the power of owning the business no matter what happens, you will play the game even you lose or win, and being a business owner expect that you'll be involved in many aspects of businesses, such as doing paper works, attending an appointment and managing your employees and etc.

 

[Cant Tell]

for me it's natural thing that sometimes we fail, all we have to do is don't give up and keep chasing your goal. For a friend that started failing there business all i have to say you have the right time maybe not now.

 

[Damismiling]

Well a failing business requires a new approach to reviving the business, The best way to start would be by starting an aggressive marketing campaign that will improve the business's sales.

You are right, Well my advice for that friend is that he must first understand the cause of the fall in business then consider doing things in a new way, not just a new way, but a tested guaranteed startegy should be employed if it requires getting additional knowledge from expertise .fine go ahead to revive the business

 

[Ibrahim1]

As for me I don't have much to say to the person nor me because the first advice I will tell the person or my self I just to focus of his or her business and never try to get distracted from anything and also never look at whatever that's happening but never allow any mistakes get you disturb but look for solution before it get to worst

 

[Azhar119]

I am often asked what advice would I give someone who is interested in starting a business. It is easy for me to discuss having a business plan and a strategy but most importantly executing that strategy and staying on course. However, I found that the greatest lesson I have learned as an entrepreneur is you have to be willing to fail to succeed.

 

[Ibrahim1]

As for me I don't have much to say to the person nor me because the first advice I will tell the person or my self I just to focus of his or her business and never try to get distracted from anything and also never look at whatever that's happening but never allow any mistakes get you disturb but look for solution before it get to worst

 

[Ebensco]

Well a failing business requires a new approach to reviving the business, The best way to start would be by starting an aggressive marketing campaign that will improve the business's sales.

 

[Zevin]

People fail in business due to two reasons, one, wrong business idea, or the business started at the wrong time, at the wrong place; two, mismanagement. If you launched a restaurant business just at the time when lockdown was imposed, your business will fail because you launched at the wrong time. The only advice I will give to people who fail in business is they should start with the right idea, at the right time, and avoid mismanagement.

 

[Bart Simpson]

My advice is to hire a business consultant who is also good in marketing. There are business owners who think they can do everything like the marketing and even the selling (if it is a store). When I had a boutique I did the selling but customers were turned off by my face, not a joke, they were scared of me. I had to hire an amiable person to handle the selling. Another thing is the capital. Get more money to spend for the promotion of the business whether in online or offline means.

 

[LaylaG]

The only advice I can give my friend about that is that wheneverr any of my friend that is going into a business that he or she should be careful and never start up a business that they do have experience of because starting a business that one doesn't have experience of are mostly the causes of business downfall.

 

[GIFTMICHAEL]

Sometimes we learn from failure in business.we need to avoid unnecessary collapse that can easily be done. To avoid losing your business and business investment we need to invest money. We need to save money to avoid spending it in something that you don't like.