What can you do to prevent making a loss?

[Good-Person]

Preventing loss in business starts right from the start. You need to be aware of possible causes of loss and start making strategies to prevent them. Loss through theft can be prevented by increasing security. Then loss caused by bankruptcy requires good bookkeeping and management.

Preventing losses in business is something that many people my want to avoid. Losses could be unavoidable. However, you may require the best strategy to avoid losses.

 

[tyrim88]

There are various measures that a business executive can employ to be able to ensure that his company does not go into losses,it could be the propermanagement of resources and good accounting records.

 

[Ronny_4son]

All businesses operating will make losses and profits simultaneously, even the big giants like Amazon. The role of business directors is to develop policies to prevent and minimize shrinkage and loss in the company. For example, if it's a shop, they can prevent loss by hiring a physical security guard at the premises to deter theft and keep the peace. A shop and many other premises can also invest in high-quality HD CCTV cameras to identify the culprits responsible. Lastly, another suitable method to prevent company loss is implementing reasonable stock-inventory counting procedures to ensure everything is accounted for. Of course, dependent on the business will depend on which strategy a business owner will use to prevent stock loss.

If you are a business owner or are planning to become one - What can you do to prevent shrinkage and loss?

One of the surest ways to offset losses in a company is to make sure everything is done by the book. Accounts should be checked daily, and the workers held to task for any discrepancies.

 

[Emmy]

To prevent loss, I try to be determined and pray more. I know it is not easy to overcome loss until I decide to change my ways and add prayers to succeed. However I am determined to stop gambling for a while.

 

[Good-Person]

There are various measures that a business executive can employ to be able to ensure that his company does not go into losses,it could be the propermanagement of resources and good accounting records.

Sometimes, you may suffer from losses despite applying the best strategy and this could be a really big problem. I have been trying to apply the right strategy to make money through cryptocurrencies, but I have not been that successful.

 

[tyrim88]

Sometimes, you may suffer from losses despite applying the best strategy and this could be a really big problem. I have been trying to apply the right strategy to make money through cryptocurrencies, but I have not been that successful.

One of the things that you have to understand about business is that the method and strategy you apply is dependent on the market situation,what works for A,might not work for you.

 

[Laurentta]

That's a good idea, but sometimes the camera's and the securities won't help, that's the reason I don't like offline job's, that's why I'm always online looking for ways to earn money.

I don't agree with you. I believe the cameras help a lot especially of they are closely monitored and the truth is that you might not be able to run away from offline jobs forever.

 

[Smiles20]

That is exactly the truth. So many people believe that most business will likely succeed in urban settlement but sometimes not all business will always survive in such location even when the the is high population of people. When the population is not in demands of the product you are offering then the business may not likely moves perfectly.

The ultimate thing is that you should do your own business research and ensure that you are always sending to people who can buy. This is something that might take a long time to complete but then it is completely worth it.

 

[Good-Person]

The ultimate thing is that you should do your own business research and ensure that you are always sending to people who can buy. This is something that might take a long time to complete but then it is completely worth it.

Seeking opinions of people is a great thing but I think that you must not rely entire on opinions and you must also conduct your own research as well before you invest into any kind of business.

 

[Kennysplash]

Every business has people that have done something like it before and you can learn from. Try to find mentors and learn from them, know what works and what does not so that you won't repeat their mistakes.

 

[Imran_Noori]

For now I don't have any business but if I have one it will depend on the situation or on the reason, I will find out the problem that why I face losses then I will find a solution for it.

 

[Good-Person]

For now I don't have any business but if I have one it will depend on the situation or on the reason, I will find out the problem that why I face losses then I will find a solution for it.

I am also not running any sort of business, but I plan to venture into trading. Trading is also a business because it generates profits for you and you can say that it is also be classified as business as well.

 

[eLdavis]

Most times losses cannot really be avoided due to the fact that the market cannot be predicted, the best we can do is try our best to minimize these losses whenever they should happen. For me before taking a job from client, i plan on making sure they pay at least a higher percentage first before doing their job, so if in the end they refuse to pay, i wont be on the loss. Cause this is pretty common with most graphic designers.

 

[Smiles20]

There are various measures that a business executive can employ to be able to ensure that his company does not go into losses,it could be the propermanagement of resources and good accounting records.

There are some people that do not take time to evaluate their assets and they just invest into anything. If you want to make money then it is advisable that you should know how to manage your assets effectively.

 

[Abigael]

I am also not running any sort of business, but I plan to venture into trading. Trading is also a business because it generates profits for you and you can say that it is also be classified as business as well.

Yeah, trading is definitely a business because it involves buying and selling. It has risks too just like any other business and so you need to have strategies that minimizes the risks.

 

[Smiles20]

Seeking opinions of people is a great thing but I think that you must not rely entire on opinions and you must also conduct your own research as well before you invest into any kind of business.

Collecting the opinions of other people is just a way of trying to see if there's any way you can do it better but ultimately you are always going to do what is best for your business no matter what.

 

[Potuse]

Losses are inevitable in every business but the ability to limit the losses is what is crucial and the onuse is on the shoulder of the manager of the company or the outlet . understanding the risk that is surrounding the business will help to sidestep unnecessary losses.

 

[Good-Person]

Losses are inevitable in every business but the ability to limit the losses is what is crucial and the onuse is on the shoulder of the manager of the company or the outlet . understanding the risk that is surrounding the business will help to sidestep unnecessary losses.

I think that even the largest organisations and big businesses in this world also have a harder time avoiding losses and this is the main reason why so many companies also go bankrupt as well.

 

[Potuse]

I think that even the largest organisations and big businesses in this world also have a harder time avoiding losses and this is the main reason why so many companies also go bankrupt as well.

It is necessary to understand the risk that is involved in a business and we know that risk will bring losses. Minimising the risk will also minimise losses in every businesses. Managing the risk will make you sidestep losses on so many occasions.

 

[Kane]

Most of the time business does not make a loss just because of embezzlement, it also makes a loss when the operational costs are high, sales drop, etc. When the sales drop, it is the marketing and production team are to be blamed.