When you lose a lot of money, how do you cope and get over it?

[Connor909]

Dealing with the loss of a significant sum of money can be challenging and distressing. It's crucial to keep your attention on the here and now and look for ways to advance. It may be beneficial to concentrate on the factors under your control and make progress toward a better financial status. You can get back on track by creating a budget, establishing financial objectives, and asking for financial assistance.

 

[Mayorla]

It is not easy to start over when you lose a lot of money, The loss may not be from you (internal), It might be external, maybe an unfavorable Government policy.

When it happens, I take a break and relax, and re-model my business

 

[Chibson]

There are many signs a business starts to show that may indicate that the business is about to go bankrupt. A massive decline in sales is one of the major indicators and it is something that may make business owners worry.

Probably, when the sales of a business venture begins to decline it is a very big sign that the business is about to go bankrupt. I think business people need to look out for these signs and correct them as soon as possible.

 

[Laurentta]

I lost some amount of money when i invested in a ponzi scheme. It wasn't such a huge amount but it was so heartbreaking when i lost the money. I have to make up for the money i lost by working harder.

 

[Jonaville1]

It is better to forget about the losses you have made but it will be a great mistake if you do not learn from such mistakes so that it will not happen again because businesses are full of ups and downs.

The only thing I do is to forget my losses and just move on and I will also learn my lesson so that I will not invest in that platform where I lost my money again. That's what I do

 

[Kennysplash]

Well I have lost money before, buy not t really a lot of money like that. I just considered it as something that happens every now and then and got over it completely.

 

[Syldan]

Actually the chance of getting back or recovering your money after lost depends on the kind of business you are into and also the kind of strategies used if not, it will be vety difficult to recover in some offline business.

 

[eLdavis]

Truth be told it is not easy coping with loss. Most times when i experience loss it usually puts me down. I usually take a little break to calm my thoughts, but what keeps me going is the fact that i was able to make that money in the first place form hard work, if i did it once i can surely do it again.

 

[Emmy]

When you lose a lot of money, you need to relax and find out which strategy can help you to get your lost money and profit thereof. You can borrow money to augment your salvage for survival.

 

[Robert90]

First and foremost, it's crucial to refrain from acting rashly and to curb your tendency to overreact. If you require emotional support, seek out professional assistance. Second, evaluate your financial condition and look for strategies to increase cash input and decrease cash outflow to close the gap left behind.

 

[Ernestnari]

It is not easy to start over when you lose a lot of money, The loss may not be from you (internal), It might be external, maybe an unfavorable Government policy.

When it happens, I take a break and relax, and re-model my business

Taking breaks in circumstances where you lose a lot of money is good but not too advisable. In the process of taking breaks, you might end up being discouraged and you don't find strength to come back again. What am I saying I'm essence? Don't let the break be too long. Three days is okay for a serious business person to get over it and move on.

 

[Mayorla]

Taking breaks in circumstances where you lose a lot of money is good but not too advisable. In the process of taking breaks, you might end up being discouraged and you don't find strength to come back again. What am I saying I'm essence? Don't let the break be too long. Three days is okay for a serious business person to get over it and move on.

But, do you think someone can completely get over a loss of money? I think it is highly dependent on the amount lost though.

Like you have rightly said, After losses it is essential to take break but it should be a short break not a long break that would leave you demotivated.

 

[Ernestnari]

But, do you think someone can completely get over a loss of money? I think it is highly dependent on the amount lost though.

Like you have rightly said, After losses it is essential to take break but it should be a short break not a long break that would leave you demotivated.

Someone can actually get over the loss of a huge sum of money. It would take time though to completely get over. I have lost money and I felt so devastated but I can't kill myself. You just have to see where the losses came from, strategize and work it out again.

 

[Mayorla]

Someone can actually get over the loss of a huge sum of money. It would take time though to completely get over. I have lost money and I felt so devastated but I can't kill myself. You just have to see where the losses came from, strategize and work it out again.

Yes, It would take time but as your have rightly said You just have to get up and restrategise instead of brooding over the loss you experienced. Brooding over the loss for too long would make it harder.

 

[Good-Person]

Probably, when the sales of a business venture begins to decline it is a very big sign that the business is about to go bankrupt. I think business people need to look out for these signs and correct them as soon as possible.

Almost all the businesses experience ups and downs. Big companies like Google, Microsoft, PayPal, etc also have a harder time. A huge decline in sales would be alarming, though.

 

[AruneBend]

When I lose a large amount of money, I try to forget about it and think about what I can learn from it. This is very important because for me, every mistake is also a lesson I can learn from and use to improve myself. Some people never recover from a big loss of money and even sometimes get depression.

 

[Trey]

It happens in businesses a lot. Venturin into any business is a risk, you might fail, you might succeed so here's what I do.Idevice another plan so as not to loose money again
I take time to have a back up plan so as to get back on my feet again
I carefully apply for a loan if necessary d
I do away with some staff or expenses that are not really necessary and deal with the ones that are really needful.
Lastly I save up just in case of emergency

 

[Chibson]

Almost all the businesses experience ups and downs. Big companies like Google, Microsoft, PayPal, etc also have a harder time. A huge decline in sales would be alarming, though.

Probably, I think it is important and necessary small businesses learn from those big businesses. Every kind of business that have succeeded actually experienced a lot of ups and downs. But their vision kept them going.

 

[TomasVastik]

There are more important things than money. But if I lose a really big amount of money, I try to find some side hustle to get back what I lost. Dont cry about it, rather try to find a way to fix the problém.

 

[Shigobad20201]

This situation has led to many company closing down totally because they were not able to cope when they loose money during some business transaction, and that's why i normally have a reserve fund to boost my business in times like this.