What Is The First Thing To Do After Failing In Business?

[Abid]

After failure in business you should take patience. Sit on chair and think why you fail....then accept your reason of failure....after that stand up and again start your business with great inpiration if you have enough money.

 

[Janita]

I always learn from my fail step pickles until or unless we are not failed in any kind of thing we cannot learn how to face for how to deal with the failure work whenever we failed in any business we should try to accept it and face how to move on right now this is the biggest challenge of life when it comes to us so accepting your failure .
if you are success in this way you will be able to learn how to be courageous and great person to stay away in the coming hard steps.

 

[Sheyemanu]

Concerning your question on how to move on from failure, my take is that in life there are bound to be ups and downs and most of us have had our share of it, that a business venture failed does not make one a failure. The best we can do to avoid depression is think positive, learn your mistakes and do better

 

[Mostee501]

After failing in a business the first thing to do is how to handle the failure. Some people gets discouraged after failing in a business and they don't do anything to revive the business rather,the give up. You can try another pattern, seek professional advice and don't give up hopes easily.

 

[Godleads1]

Having the knowledge that business is a risk and that failure is inevitable. But when it comes, the next thing to do is identify the likely causes of the failure. Was it yours or economical or it has to do with the location? Then start preparing for a comeback without much delay.

 

[tyrim88]

Failure is an event that need to be evaluated in its self and not to personalise it,else it would affect your confidence level.You need to critically examine analyse what lead to such failure and take step to curtail a reoccurance.You can seek proffesional advice from proven minds in that aspect that laed to such failure.

 

[Shahzaib37]

Personally, handling failure should be the first thing that comes to mind after failing in any business venture. Most young entrepreneurs with so much confidence before failing find it hard to accept failure and move on.

what's the best way to handle failure?

If anyone fails in business he can be patient and recover him self and don't think so much and only think about a good business and get start working with heart and hard-working.

 

[btaliat]

Business owner should try and learn how to handle failure even before starting a buinsess. Some business owners have folded up because of fear of failing again. After failing, business owner should focus on what led to the failure and work towards it.

 

[Ltherman]

Those will be very difficult times and it will demand digging deep enough to stay afloat emotionally. Assessmeny of key areas in the business that may have caused the failure and possible things that you did wrong. This will apply differently to people in different sectors and engagements.

 

[Sotherefore]

there is nothing you can actually do if your business fell because failure sometimes is something that no one would like to invite into his or her life but in case such thing happen you need to move on and learnt from the experience because next business you are going to you may not have any failure

 

[Blessedsam60]

The first thing to do after failing in a business is to stand again on your feet and summon yourself a courage and start all over again. Life isn't a bed of roses.
You can start again your business with another strategy instead of using the old failed plan you have before.

 

[Michaellee]

Personally, handling failure should be the first thing that comes to mind after failing in any business venture. Most young entrepreneurs with so much confidence before failing find it hard to accept failure and move on.

what's the best way to handle failure?

The first thing to do is to critically analyse why the business failed , you have to do it without being partial with yourself . how the money is spent , the moves ,the steps , the reason the business failed, as an business oriented person ,you need to investigate your fault .

 

[MarieArie]

This is a very interesting and insightful thread. The very first thing to do after the fall of your business unraveling and winding up. Settling everyone involved is another thing. Also, you have to cheer up. It is not the end of YOU.

@Genius, the earlier every business owner acknowledges that failure is not the end of life or destiny, the better for him/her. Failure is not the end of a business. It can still rise higher than expected.

 

[Shahid]

Next, make sure you get your personal finances in order. You’ll no longer be able to rely on your business as a primary source of income, and if you had a significant amount of your own personal savings tied up in the business, you may lose them in the business’s failure. Even if you end up having to declare bankruptcy, don’t worry — there can still be a bright financial future ahead of you — but you need to spend some time analyzing your expenses and figuring out a new line of revenue if you’re going to be successful.

 

[EMMANUEL]

When a business fails comes to some people mind is it is finished I am not going back into it again.
But my own point out if this is when you are face with such a scenario all you need to do first is channel your attention to causes the failure?
When the root cause of a problem is detected i guess all you need to do is go ahead and fight your way into the solution and make it right at the next.

 

[Kehinde]

Accept failure happened and learn from it.
Actively decide to change.
Prioritize the tasks that lead to change.
Have a mentor direct the makeover.
Move outside your comfort zone:
Align yourself with the right people:
Keep an eye on your finances.

 

[Muhammad Mubashar Shahzad]

After failing in business first thing which we should do is replaning and consider those things which are cause of failure it may be untrained staff or failure of proper guidance and many other things so first consider them

Personally, handling failure should be the first thing that comes to mind after failing in any business venture. Most young entrepreneurs with so much confidence before failing find it hard to accept failure and move on.

what's the best way to handle failure?

 

[Irfanali]

If your first business fails, you'll want to start your recovery, at least by following these steps:

Analyze failure. ... Get your finances in order. ... work with other merchants. ... make time for yourself. ... Start thinking about a new business plan.

 

[Victor001]

Personally, handling failure should be the first thing that comes to mind after failing in any business venture. Most young entrepreneurs with so much confidence before failing find it hard to accept failure and move on.

what's the best way to handle failure?

Failure is inevitable it can happen to anyone at any point, the difference between succesful people and unserious people is their ability to stand tall after failure, failure should redefines your strategy or approach.

 

[Presh1503]

There are so many things to do after failing in a business but the first and foremost thing to do is to not give up all you have to do is rise up again and continue from where you stop and seek advice from experts or business specialist