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

[Saqibraza]

Know their wants, needs and motivations. And understand why you do what you do and align yourself with helping people achieve what they value.

 

[Setho]

You should make yourself understand that such scenarios are very common in business and sometimes beyound the control of the business owner.

 

[Setfragil]

The first thing to do when your business fails is to sit down and analyse the reasons for the failure of the business and how it can be solved if you intend to do the business again in future.

 

[Bookwormlux1]

The first thing to do when your business fails is to sit down and analyse the reasons for the failure of the business and how it can be solved if you intend to do the business again in future.

This is also my most effective strategy as it is important in helping me to not repeat the same mistake in whatever business I want to do again .

 

[Sincerem]

We shouldn't just pick out from where we stopped lad time. We should redo our plans, develop more strategies to repair what caused us loss to bring success next time.

 

[Justin]

Business failure does not happen over night, it is slow process. If you can see where your business is heading, you can try correcting your business early on

 

[Trexxxy]

There isn't a blueprint to this, I think different people react to failures differently, the best is to learn from your mistakes and carry on.

 

[Setfragil]

Business failure does not happen over night, it is slow process. If you can see where your business is heading, you can try correcting your business early on

You are right. Failure in business does not just happen overnight, it started little by little. If you can detects it on time, it will surely save the business from collapsing.

 

[Snazzy001]

The first thing to do after failing a business is to sit and look into the things you must have done that were wrong in that business, learn from them and work again

 

[Emmy]

The first thing you do is, you determine the cause of the failure such as inadequate capital, too much of competitors, unwell plan, etc. Then, you analyse it and find solutions to it or them.

 

[Robust]

Although business is either you gain or lose but the first thing to do after failing in business, you need to identify or analyse what causes the failure and try you best to fix it.

 

[Snazzy001]

Alternatively the first thing to do when a business fails is to come down and look for a business that can be manageable for the meantime

 

[Bookwormlux1]

Business failure does not happen over night, it is slow process. If you can see where your business is heading, you can try correcting your business early on

You're right about this. The problem is, so many people ignore the early stage of a problem and wait for it to get critical before paying attention to it.

 

[kay169]

The best thing to do after disappointment is to think of the way forward ! Dwelling in the past will way you down think of why you failed and improve on your life so that your next move will be a success !

 

[Alexandoy]

The best thing to do after disappointment is to think of the way forward ! Dwelling in the past will way you down think of why you failed and improve on your life so that your next move will be a success !

I agree with you. Forget the past for the moment while there is the pain in your mind. Maybe after a week or 2 then you can make plans on how to move forward not necessarily with another business but maybe an employment. The most important is to have a positive mindset.

 

[Ralphjoe]

The first thing to do when your business fails is to sit down and analyse the reasons for the failure of the business and how it can be solved if you intend to do the business again in future.

This is just the best way for one to to handle a business that failed please stop the first thing that anyone should do when it's all a business fails is to analyse the business to see the reasons why the business failed and after he or she has identified these reasons then he can avoid them in his later business.

 

[Setfragil]

This is just the best way for one to to handle a business that failed please stop the first thing that anyone should do when it's all a business fails is to analyse the business to see the reasons why the business failed and after he or she has identified these reasons then he can avoid them in his later business.

Many people tends not to analyse the reasons for the failure of their business before they reinvest in the same line of business that is the reason the business keep failing at all time.

 

[Ralphjoe]

The best thing to do after disappointment is to think of the way forward ! Dwelling in the past will way you down think of why you failed and improve on your life so that your next move will be a success !

Well as far as I'm concerned the best way for you to recover from a business failure is by checking to know what actually caused the business to fill the first time that you did it and if you were able to identify what course the business failure I think the next step is for you to start up the business again and avoid what made the business to fail on the first instance.

 

[Bousine123]

Count your loses and learn from your failures. That's the best advice I can give to somebody. It's best you don't allow that singular failure determine your future.

 

[Kingstone]

Like a quote goes, "you don't fail, you just find another way that doesn't work". It is not easy to handle a failed business though but it is an experience gained. Picking up the pieces will mean trying to get more information about the business and see how to re-strategize.