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

[Judee201]

Analyze the failure
Once you’ve calmed down, relax. Do whatever keeps you calm. Exercise, take a hot shower, or enjoy a drink or two. This should help you digest the situation, and look at the experience differently. With some perspective, you’ll find it can be refreshing to pull the plug on something that has become a drain on both your time and resources. Spend some time looking over your business’s history, even if it’s short, and see if you can recognize the main causes of failure, as well as the decisions that led to those causes. The better you understand this, the more likely you’ll be to prevent those outcomes in the future.

 

[Junaid]

Analyze the failure. ... Get your finances in order. ... Work with other entrepreneurs. ... Take time for yourself. ... Start thinking about a new business plan.

 

[QalabDogar1906]

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?

I think the first after failure in business we should more work hard to grow up your business and again earning money and handle your business with full grip of hard work and then you succeed I also suggest you when your business is failed then you should work hard and your business is grow up

 

[Adetayo100]

The biggest challenge i face is capital, it can never have too much but you can certainly have too little when it comes to money. In fact, nearly 67 percent of current small business owners reported lack of capital as a top challenge.

 

[Caali]

Failing is the part of business and there is no way around that.There isn't any successful business in the world witch was built without the failure. Failing, learning, improving and trying again is part of every entrepreneurs daily life..

 

[Akinwale701]

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 best thing to do here is, sit down, think deeply as much as you can, feel sad (yes!, this helps you get over it on time) and ruminate on how you could avoid such in the nearest future. Father yourself together and try the same business again without repeating the same mistake.

 

[Oluwasube]

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?

Experiencing failure in a business is not a new thing and let me say it is inevitable in one way or the other because anything that involves profit making must on the other hand have a loss. As a result of this, i think the best way to handle business failure is to move on and start again.

 

[Good-Person]

When it comes to business, there are both the possibilities of failure and success. You must first avoid failure by assessing the likelihood of success in that business. However, there are still chances that you may face failure. If you fail, you must first determine what caused the failure in the first place and correct those mistakes in the future and start a new business if you have enough capital.

 

[Menky]

A failure in business can be very disheartening but the doesnt mean you should quit because of it. After a failure in business, sit down and restrategize ur business plan and make corrections then go again

 

[Sincerem]

Handling failure, making plans to amend the errors that cost us our business prematurely. Then having different options, strategies to run the business, will make us come out strong next time to manage a business to be successful.

 

[Dowenship]

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 best way to handle failure is not a course to learn in school it will surely happen to everybody who are after success in life. But the fundamental principles to over come it is to keep moving and never give up because the force to success is failure itself.
[automerge]1617277896[/automerge]

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

Yes its better to avoid depression and have a positive thinking learn from your mistakes which lead to your failure it help us to know more about the business or exam in which we failed from. So i believe failure its also inevitable which one can't do without but the power to move on makes one a champion

 

[Neeta313]

The first thing you should do it to sit back and study the possible mistakes you made or rather wrong decisions/choices, so you can avoid them. Seek advice from business experts or those in the line of business you are doing that are already successful.

 

[Hellen]

Most successful business people have one or two business failures to their credit. Remember there is a lot of risks involved with being an entrepreneur and taking failures with a shift in perspective can result in greater success in the end.

 

[Samuel77]

before starting a business you need to know more about the business and also get a professional to advise you in start the business, if you still fail in that business I suggest you go into another type of business

 

[Victor72]

After failing in business the first thing to do I for you to put things into consideration if you will want to continue in the business of try some other business

 

[Setfragil]

The first thing to do after falling in business is to count your losses, calculate them and know the reasons for which the business failed. If you can do this, it will help to avoid the same situation in the future.

 

[joy101]

After failing in a business, what I need to do is to find out what really happen, then i can also make best plan to start again so to know how to run the business very well.

 

[Setho]

Failing in a business I a very unfortunate thing no matter what must have happened. The first thing you should do is to try to control your emotions. You should not chase your loses instead look for a way to clear your head. You should then go back and know why the business failed.

 

[Ayokex]

The first think overcome in the mind how to follow up after a failure.first analysis the failures. And plan's that next work or buniess. Best way to move on never thinking about failure buniess more and more. Planning is good think do achieve the buniess goals.

The first thing to do after failing in business is to take a full account of where things have gone wrong. What can be done to prevent reoccurrence and what to do to move ahead and make a different story.

 

[Abigael]

I think that the first step to handling a failure in business is to accept it. Ignoring, blaming or self abuse with criticism will only make it hard to move on. But accepting failure as it is will cause you to move on. It will make you to sit down and look for solutions towards recovering the business. Sometimes when a solution is not found, letting go of the business is the best thing.