What do you do when your business closes

[Damscooguns73]

Concerning what an individual can do when his/her job or business closes down. Well, I would say that at some point, failure is bound to happen for a success story to be told, when an individual business closes, it is expected to learn some mistakes and vital lesson to the fall of such business so as to be strong and avoid such mistakes from repeating itself.

 

[Victor001]

Before my business close, I restrategise and apply new tactics, anything that can cause my business to close must be able to provide enough value to promote

 

[Sincerem]

Yes that's true, that's why the wise will say when you are starting up any business you also think of the negative aspect of the business as you plan positively.

You're right. That means thinking about the exist plan of the business. When one thinks positively, he or she should think about the negativity that might befall the business in the future, and be able to stand by, and conquer it.

 

[Muhammadawais]

It can be a difficult decision to close your company. The therapy tool provided by the Small Business Administration will link you with local assistance in preparing your exit strategy. It's also a good idea to consult your lawyer and a business evaluation specialist, as well as other business experts including accountants, bankers, and the Internal Revenue Service.

 

[Shigobad20201]

As an enterpreneur, giving up on a business is the last thing I will ever do in life, if there's a problem , there must be a solution and you must try all your possible best tofind a better solution, but you must know when to give up so as not to kill yourself in the process.

 

[Samuel77]

When my business close the first thing I do is for me to investigate what eventually break down the business. After that I consider if to start up the business again or go into another business

 

[Jesuyemi 08]

That's life, we can't keep on grumbling on our failed business attempt. If we failed on a particular business, based on the lack of adequate plans, and vision for it. We shouldn't give up, we should continue chasing and learning strategies never to fail again.

This means no need to cry over a spilt milk. The only option for a failed business is to moved on without regrets. This is intriguing.

 

[Alpha chizy]

First of all do not panic or give up yet if you have these, e.g retained profits, savings, loans e.t.c. If you are still interested in the business and you see how it pays you the above listed capitals will help u get back in business, and once you are back you should make sure not to make such mistake that made you to close business.

 

[Kelly5]

When a business closes, new opportunities arise. Of course, sometimes we don't want to end up closing shop, but sometimes there's nothing we can do. But, let this be known, it's not a failure to fail a business. It's part of the learning experience and you are bound to find something new down the line.

Just let it be known, don't worry if you encounter a roadblock like this. Time will prevail and you will get through it.

That is the bitter truth about life there. Life is full of ups and downs. We just have to pick up the pieces left and move on. We learn from such failures

 

[Sincerem]

This means no need to cry over a spilt milk. The only option for a failed business is to moved on without regrets. This is intriguing.

Anyone who keeps on mauling over a business, is just set to suffer poverty strain life for long. We don't hang on over failed business plan, rather we move on looking for success.

 

[btaliat]

In life, only a loser wishes for winning everytime. We should sometimes think of failure because it is normal. When a business fails, we need to study what led to the failure and correct it.

 

[Sariana23]

Concerning what an individual can do when his/her job or business closes down. Well, I would say that at some point, failure is bound to happen for a success story to be told, when an individual business closes, it is expected to learn some mistakes and vital lesson to the fall of such business so as to be strong and avoid such mistakes from repeating itself.

It is the right thing to do, since there is a lesson to be learned from which we must make use and not repeat the mistakes that led us to failure. It is very likely but inevitable that failure will happen, for this you must make a good project and go towards success by attacking in time any inconvenience that arises.

 

[Spicywilfred]

Before a business close or shut down you must have seen the signs hence preparing for rock bottom is something that must have been done already. So you can quickly pick up without entirely crashing.

 

[Shigobad20201]

I dont need to cry on the things that I believe does not have solution again, I know I have tried my best to keep the business rolling but it flops in the end, I just have to move on with life and hope for better future.

 

[Ehizzy1]

When your business fails and closes, sometimes it's better to accept the fact that it might be your fault. Think of what made the business to fail and restrategize if you want to continue in that line of business.

Its never your fault. If you keep on blaming your self then it might be very hard for that person to create another same business and build it

 

[Setfragil]

At some point in our lives we faces challenges that's beyond our control. When your business wind up or closes down, we put our pieces together and move on. Whatever it is that happens in life we learn from it. We just have to make sure that we continue to strive to get better.

 

[McIrx]

The first thing to do is to really accept the fact that the business has really closed down. Yes, if you don't take your eyes off a closed door you won't see the newly opened one. Take your time to ask questions. Why did the business fail? Stiff competition? Lack of innovation? Lack of dynamism? Identify the major reason for the failure. Arm yourself with that knowledge and forge ahead.

 

[Justin]

As a person who never had in life owned anay kind of business, it is really difficult to answer what I will do when my business closes. This is just an asumption that I would take time to ponder why business closed.

 

[Bookwormlux1]

When a business fails, the business owner must first of all, try to figure out what went wrong and learn the lessons. With this, it would be easy to succeed in any other business you may venture into.

 

[tyrim88]

Sometimes in business things might not turn out as we plan,and this could be as a result of inadequate information on the terrian and the intriuges associated with the environment,lack of finanancial management is also another.But the bottom line is to learn our lessons on what brought in the failure so we woul;nt repeat it in another venture.