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Author Topic: Business failure among small-scale entrepreneurs  (Read 3153 times)
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December 26, 2023, 10:20:52 AM
 #301

it is true, in running a process it will not be easy, also most people fail in this one thing, people who do not have a consistent or stand they will easily give up with the occurrence of problems, whereas in my opinion a problem that occurs must be faced instead of being left or left, because by facing the existing problems it also makes us a lesson that can be taken on the bright side, If someone who cannot overcome his problems well then the possibility of that person will not get progress in his business, someone who wants to succeed of course they have to sacrifice to achieve success, I mean there must be sacrifice and struggle, because as you said there is nothing instant in this world when it comes to success, everything has its own process. and anyone can be successful if they want to try. and anyone can succeed if they want to try well and also don't rush in deciding something that will determine the future.
Carrying out the process requires persistence and patience because if someone cannot persist, they will never achieve success. Starting a business requires preparing many things as support and there will be big challenges when people try to go through the process. This is where people learn how to build their own abilities because there is a lot of competition in the business sector that needs to be considered in order to compete and when they are not able to compete then the business will never develop.

In life nothing happens suddenly because it takes a long process to reach the stage of success. Not everyone can run a business because apart from requiring skills and capital, there are many other things that need to be prepared. Anyone will definitely experience boredom when they want to start, but those who are ready for tests and trials will be the ones who will succeed.
In business, it's not enough to just last; you need to plan ahead. The "grind" is often praised, but isn't it also about being smart? The thing is, getting ready isn't just about gathering things; it's also about having the mental strength to do so. There is a lot of competition out there. But keep in mind that competition leads to new ideas. We need to do more than just fight; we need to change the rules of the game. To do this, you need to know about customer psychology, keep up with trends, and use technology. It's a fight, and quick thinkers are the best soldiers

Problems and boredom are real. These are chances to learn, grow, and sometimes even change direction. The secret? Resilience. You have to learn how to dance in the rain as well as how to stay alive during the storm. We need to see difficulties not as problems to be solved but as opportunities to grow. And money? Yes, it's crucial, but so is creativity. Sometimes, the most innovative ideas come from not having enough means

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December 26, 2023, 11:46:51 AM
 #302

it is true, in running a process it will not be easy, also most people fail in this one thing, people who do not have a consistent or stand they will easily give up with the occurrence of problems, whereas in my opinion a problem that occurs must be faced instead of being left or left, because by facing the existing problems it also makes us a lesson that can be taken on the bright side, If someone who cannot overcome his problems well then the possibility of that person will not get progress in his business, someone who wants to succeed of course they have to sacrifice to achieve success, I mean there must be sacrifice and struggle, because as you said there is nothing instant in this world when it comes to success, everything has its own process. and anyone can be successful if they want to try. and anyone can succeed if they want to try well and also don't rush in deciding something that will determine the future.
Carrying out the process requires persistence and patience because if someone cannot persist, they will never achieve success. Starting a business requires preparing many things as support and there will be big challenges when people try to go through the process. This is where people learn how to build their own abilities because there is a lot of competition in the business sector that needs to be considered in order to compete and when they are not able to compete then the business will never develop.

In life nothing happens suddenly because it takes a long process to reach the stage of success. Not everyone can run a business because apart from requiring skills and capital, there are many other things that need to be prepared. Anyone will definitely experience boredom when they want to start, but those who are ready for tests and trials will be the ones who will succeed.

Therefore, before running a business, please study a lot to understand every aspect related to the business you are going to run. running a business and enterprise will of course have its own challenges and they must be able to be faced well, because if not then the business you are running will probably not develop and this is a problem in a business, because there are people who start a business but they don't pay attention the risks that exist, so that when problems occur in their business they are shocked and panicked and also confused because they don't know how to deal with existing problems well, this can be avoided or minimized by learning at the beginning before starting a business or venture, many fail in doing business, this is probably due to a lack of good understanding of the business that is being run, if you really want the business and business to develop, of course you have to learn from the start regarding what you are doing, because every thing definitely has its own risks, therefore the importance of learning and understanding something that will be carried out, also with the clear competition that will exist, this must be paid attention to, because of course people will do their best for their business so that it can attract many people, and we must pay attention to this, wherever possible maybe we should be able to market our products optimally and in a different way from other people, maybe that can attract lots of people's interest in our products.

Of course that's the case, to achieve success of course there must be struggle and a process, it can't just happen like that. It is also true that not everyone has skills in business, because everyone has their own skills, and it is not possible for everyone to be successful in the business world, this is clear. but however, I think they can be successful as long as they themselves have a strong desire for what they want and are consistent with what they want.

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December 27, 2023, 03:28:26 PM
 #303

The business world has become very competitive and in order to remain alive in the business for a long time, a business owner needs to be very proficient in many things, hard working, smart enough, financial capable and always keep his/her eyes on the customers.

There are two very important elements that are crucial in running successfully any business. First is the strong business idea and the second one is all about marketing and management skills to be able to keep customers/clients interested in your business. If you are thinking of starting a business, it is good to have a strong business plan that includes all the necessary aspects of your business such as: market research, competition analysis, finances, marketing plan etc. To increase the chances of your business succeeding, you need to ensure that you are constantly updated with current business trends, educated enough to know all the possible market shifts and you must be able to make most informed decisions.
That's a good percentage, I think entrepreneurs should master what you say, and if not, maybe the opposite will happen because I see a lot of entrepreneurs who can't maintain their business any longer, for that reason now customers are smarter in sorting and choosing the right products. They want it, especially in this modern era, to be more transparent, even regarding prices.
being transparent is indeed one of the thing many people sought after these days, i remember back then being reseller was quiteeasy thing to do basically just set up some amazon account and we're set, nowadays people like to make some research about the price of their product even go as far as researching the price of certain goods from aliexpress, the behaviour of customers nowadays are definitely changing and a businessman we should be well versed in these things and kept on adapting towards the changing of customer behaviour.
there's also reason why so many companies out there collecting data about their customer because they want to know whats best for their customer and the thing that piqued their interests.
everything is based on customer these day even go as far as creating personalized recommendation for the customers.
Yes, I think collecting customer data is also very helpful in understanding specific customer needs and preferences. I think with today's technology there are many platforms that provide analysis services for sales targeting. There are many other initiatives that can help build better relationships between companies and customers to create benefits for both parties.
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December 27, 2023, 04:11:28 PM
 #304

Yes, I think collecting customer data is also very helpful in understanding specific customer needs and preferences. I think with today's technology there are many platforms that provide analysis services for sales targeting. There are many other initiatives that can help build better relationships between companies and customers to create benefits for both parties.
Now almost all business people can provide better service to each of their customers, both in providing goods and also in meeting the needs of each customer who comes to their place directly. Because when stocks and goods that are frequently needed start to run low or run out, business owners can immediately make another order or record it first before ordering again in large quantities. Meanwhile, for targeting sales analysis, this can continue to be done by looking at certain environmental conditions and certain groups of people who often need certain goods every day.
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December 27, 2023, 05:54:26 PM
 #305

Yes, I think collecting customer data is also very helpful in understanding specific customer needs and preferences. I think with today's technology there are many platforms that provide analysis services for sales targeting. There are many other initiatives that can help build better relationships between companies and customers to create benefits for both parties.
Now almost all business people can provide better service to each of their customers, both in providing goods and also in meeting the needs of each customer who comes to their place directly. Because when stocks and goods that are frequently needed start to run low or run out, business owners can immediately make another order or record it first before ordering again in large quantities. Meanwhile, for targeting sales analysis, this can continue to be done by looking at certain environmental conditions and certain groups of people who often need certain goods every day.
It seems that you really understand the needs of this community, steps such as stock management that you describe are very helpful in the sustainability of a business. Because I think if everything is not managed well 90% of undesirable things can happen such as customer loss and so on.
So I think this must be managed well and wisely for consumer satisfaction. In this way, there will definitely be the best things for a business, such as generous buyers who will make a significant contribution to business growth.
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December 28, 2023, 03:11:13 AM
 #306

So I think this must be managed well and wisely for consumer satisfaction. In this way, there will definitely be the best things for a business, such as generous buyers who will make a significant contribution to business growth.

That's right, if you also have a position as a trader, you will also do this to look after consumers and provide the best service for them. Now talking about sales target analysis as stated by @Davian144, in my opinion, you will also do the same thing, of course apart from analyzing what items you need every day, don't run out of them, you will also monitor the items that are selling the most and the highest What is the demand now and is trending and is being popular with buyers, automatically you as a shop owner will stock the requested goods in sufficient quantities because it is based on calculating the quantity demanded of the goods themselves.
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December 28, 2023, 09:02:21 AM
 #307

In business, it's not enough to just last; you need to plan ahead. The "grind" is often praised, but isn't it also about being smart? The thing is, getting ready isn't just about gathering things; it's also about having the mental strength to do so. There is a lot of competition out there. But keep in mind that competition leads to new ideas. We need to do more than just fight; we need to change the rules of the game. To do this, you need to know about customer psychology, keep up with trends, and use technology. It's a fight, and quick thinkers are the best soldiers

Problems and boredom are real. These are chances to learn, grow, and sometimes even change direction. The secret? Resilience. You have to learn how to dance in the rain as well as how to stay alive during the storm. We need to see difficulties not as problems to be solved but as opportunities to grow. And money? Yes, it's crucial, but so is creativity. Sometimes, the most innovative ideas come from not having enough means
The struggle to build a business is not an easy matter because it requires consistency and perseverance to carry out the process and this is where patience and perseverance are needed if you want to reach the stage of success. Before building a business, planning, capital and a strategy are needed to dominate the market because if we don't have these three capitals, it will be difficult for people to compete with other business people who are already quite developed. We will definitely feel boredom and fatigue and anyone who is patient will definitely get the success they want. That's why building a business is not an easy matter because there are many things that need to be considered before starting it.

We must master ideas and see potential amidst sophisticated technology because doing business today can also be utilized on available social media platforms. When we have a much better level of creativity it will be quite easy for us to dominate the business world. Social media is a good place to develop promotions because nowadays many people have their own accounts, so the accuracy of running promotions via social media might be much better now.

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December 28, 2023, 10:15:22 AM
 #308

According to your thinking if you want to be a businessman then you have to be a strong businessman otherwise you cannot survive in business. To survive in business you must become hardworking and efficient or else you will survive in the market. A very important ingredient for any business to be successful is a strong business idea. You must have market research competition analysis means marketing plan. To increase the chances of your business being successful you need to ensure that you are constantly updated with the current business trends. By adopting these actions, a small businessman will be successful.

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December 28, 2023, 10:51:24 AM
 #309

In business, it's not enough to just last; you need to plan ahead. The "grind" is often praised, but isn't it also about being smart? The thing is, getting ready isn't just about gathering things; it's also about having the mental strength to do so. There is a lot of competition out there. But keep in mind that competition leads to new ideas. We need to do more than just fight; we need to change the rules of the game. To do this, you need to know about customer psychology, keep up with trends, and use technology. It's a fight, and quick thinkers are the best soldiers

Problems and boredom are real. These are chances to learn, grow, and sometimes even change direction. The secret? Resilience. You have to learn how to dance in the rain as well as how to stay alive during the storm. We need to see difficulties not as problems to be solved but as opportunities to grow. And money? Yes, it's crucial, but so is creativity. Sometimes, the most innovative ideas come from not having enough means
The struggle to build a business is not an easy matter because it requires consistency and perseverance to carry out the process and this is where patience and perseverance are needed if you want to reach the stage of success. Before building a business, planning, capital and a strategy are needed to dominate the market because if we don't have these three capitals, it will be difficult for people to compete with other business people who are already quite developed. We will definitely feel boredom and fatigue and anyone who is patient will definitely get the success they want. That's why building a business is not an easy matter because there are many things that need to be considered before starting it.

We must master ideas and see potential amidst sophisticated technology because doing business today can also be utilized on available social media platforms. When we have a much better level of creativity it will be quite easy for us to dominate the business world. Social media is a good place to develop promotions because nowadays many people have their own accounts, so the accuracy of running promotions via social media might be much better now.
Its never been easy to build up a business on which there's no assurance in speaking about success and other stuffs on which it would really be that not that simple because of other factors which would really affect out when it comes to success. Failure is one of the risks involved once you do hover yourself or step your foot into this industry. Small-scale on which this is where everything is starting because no business would really be starting on being big, unless if its been inherited or being sold to someone then you could start up directly to be big but of course the cost wont really be that cheap and also people would really be preferring on starting up on scratch because they do really know on how to make things to handle since from the start.

So when you are planning out to have a business then you should always consider out on having those risks involved. Do your best on trying out to survive considering that in business world where industries
are really that bit saturated. Only the best would really be the ones who would really be able to survive. This is why as a business owner then you shoudl really be that serious on how to handle your business.
You cant really just that make yourself that confident or a must thing not to do in the first place.

R


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December 28, 2023, 12:47:01 PM
 #310

The business world has become very competitive and in order to remain alive in the business for a long time, a business owner needs to be very proficient in many things, hard working, smart enough, financial capable and always keep his/her eyes on the customers.

There are two very important elements that are crucial in running successfully any business. First is the strong business idea and the second one is all about marketing and management skills to be able to keep customers/clients interested in your business. If you are thinking of starting a business, it is good to have a strong business plan that includes all the necessary aspects of your business such as: market research, competition analysis, finances, marketing plan etc. To increase the chances of your business succeeding, you need to ensure that you are constantly updated with current business trends, educated enough to know all the possible market shifts and you must be able to make most informed decisions.
That's a good percentage, I think entrepreneurs should master what you say, and if not, maybe the opposite will happen because I see a lot of entrepreneurs who can't maintain their business any longer, for that reason now customers are smarter in sorting and choosing the right products. They want it, especially in this modern era, to be more transparent, even regarding prices.
being transparent is indeed one of the thing many people sought after these days, i remember back then being reseller was quiteeasy thing to do basically just set up some amazon account and we're set, nowadays people like to make some research about the price of their product even go as far as researching the price of certain goods from aliexpress, the behaviour of customers nowadays are definitely changing and a businessman we should be well versed in these things and kept on adapting towards the changing of customer behaviour.
there's also reason why so many companies out there collecting data about their customer because they want to know whats best for their customer and the thing that piqued their interests.
everything is based on customer these day even go as far as creating personalized recommendation for the customers.
Yes, I think collecting customer data is also very helpful in understanding specific customer needs and preferences. I think with today's technology there are many platforms that provide analysis services for sales targeting. There are many other initiatives that can help build better relationships between companies and customers to create benefits for both parties.
Many things are helping businesses these days and it is irrespective of whether it is a big or small business when it is well planned and actualized, it will work fine. For example, marketing is very vital for the success of any business and the more you market, the better, but it must be marketed at the right places so that it reaches the right targeted audiences. This takes me to the customer data, it is good to have it, for example, having an email list or social media list of customers is a very good one, this is what will help the business to propagate new products/services, advertise promos and all that. While some will create their own group where interested people will be able to subscribe for new information about products and services.

All these help businesses grow so well these days. But one must be able to have a good relationship with their customers as well, and on top of that, a top-notch service is important. The last point is so crucial because it is a different thing you know or attract customers, but it is another thing to keep the customer with you. So, a very good customer relationship and quality service delivery are very important. If a customer is so satisfied with you, I wonder why they will not think of you next time and even tell people about you as well. Because of this, the business keeps running fine and growing as well. Also, capital is very good here, money is so needed for many things, which includes, for the products and service delivery, raw materials in some cases and even human power to say the least. Sadly, small businesses often die due to lack of this.

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December 28, 2023, 02:34:32 PM
 #311

According to your thinking if you want to be a businessman then you have to be a strong businessman otherwise you cannot survive in business. To survive in business you must become hardworking and efficient or else you will survive in the market. A very important ingredient for any business to be successful is a strong business idea. You must have market research competition analysis means marketing plan. To increase the chances of your business being successful you need to ensure that you are constantly updated with the current business trends. By adopting these actions, a small businessman will be successful.
Business is not what it used to be, and you must be more than that. Strong for your business to grow and flourish, when you start a business you need to know extra things to spice it up. Otherwise, you will be a less competitive competitor. And working hard and consistently are the majority of the things that will act as fuel and keep the business moving because a lot of individuals started well but overlooked some things that started harming the performance of their business, which is why nothing should be taken for granted. I use to know of a bar in my place it was just a bar but now they have other games attached to it and that is business upgrade and go with the system. It is much better that way. No matter how small a business is take it serious.

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December 28, 2023, 07:16:48 PM
 #312

Just as a boat without a purpose cannot reach its destination, without proper planning no success to work achieved. If a small entrepreneur wants to start a business, if there is a mistake in his planning and decision, he may end up in failure. Again, this can be the case for bad behavior with customers. In the case of offline busines, misplacing the business location can also result in failure  your business. If an entrepreneur is not focused on the business and has no patience, it is not uncommon for his to business fail. I think small entrepreneurs, if they can use their hard work, brainpower and planning properly. Only then business failure of small traders can be avoided.

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Hamphser
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December 28, 2023, 07:47:35 PM
 #313

According to your thinking if you want to be a businessman then you have to be a strong businessman otherwise you cannot survive in business. To survive in business you must become hardworking and efficient or else you will survive in the market. A very important ingredient for any business to be successful is a strong business idea. You must have market research competition analysis means marketing plan. To increase the chances of your business being successful you need to ensure that you are constantly updated with the current business trends. By adopting these actions, a small businessman will be successful.
Business is not what it used to be, and you must be more than that. Strong for your business to grow and flourish, when you start a business you need to know extra things to spice it up. Otherwise, you will be a less competitive competitor. And working hard and consistently are the majority of the things that will act as fuel and keep the business moving because a lot of individuals started well but overlooked some things that started harming the performance of their business, which is why nothing should be taken for granted. I use to know of a bar in my place it was just a bar but now they have other games attached to it and that is business upgrade and go with the system. It is much better that way. No matter how small a business is take it serious.
Some people do really think off that having a business would really be that having that automatic success or likely that you would be able to succeed and make you rich, until the time comes that it would really make you realize that having one on which its never been simple if we do speak about risk and reward thing but of course this is something much more better other than other venture in speaking about money making opportunities on which this is something that a good option for you to take but since not all would really be that having the capital on doing so then this is why most of them would really be sitting idle
but if you are someone does have the capital then for sure you would be diving into this kind of opportunity.

Failure are common and something that been part on any business whether big scale or small scale, they are having that kind of risks because we know that in business we cant really be that having
that huge sales forever on which there would comes a time that business issues and problems does really happen and if you dont find up those ways and methods then you are really that putting yourself on trouble.

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December 28, 2023, 07:51:16 PM
 #314

Just as a boat without a purpose cannot reach its destination, without proper planning no success to work achieved. If a small entrepreneur wants to start a business, if there is a mistake in his planning and decision, he may end up in failure. Again, this can be the case for bad behavior with customers. In the case of offline busines, misplacing the business location can also result in failure  your business. If an entrepreneur is not focused on the business and has no patience, it is not uncommon for his to business fail. I think small entrepreneurs, if they can use their hard work, brainpower and planning properly. Only then business failure of small traders can be avoided.
And from these failures, that's how businessmen learn. No one's going to tell them when they will fail but they can see the signs of it.
And with these experiences, if they're going to continue their business, they know how to avoid failure when they see the signs since they're able to experience it before.


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December 29, 2023, 02:38:49 AM
 #315

So I think this must be managed well and wisely for consumer satisfaction. In this way, there will definitely be the best things for a business, such as generous buyers who will make a significant contribution to business growth.

That's right, if you also have a position as a trader, you will also do this to look after consumers and provide the best service for them. Now talking about sales target analysis as stated by @Davian144, in my opinion, you will also do the same thing, of course apart from analyzing what items you need every day, don't run out of them, you will also monitor the items that are selling the most and the highest What is the demand now and is trending and is being popular with buyers, automatically you as a shop owner will stock the requested goods in sufficient quantities because it is based on calculating the quantity demanded of the goods themselves.
Yes, I agree with that opinion. Good and wise management must be implemented to satisfy customers and potential customers. Satisfying them is the key to success in a business, besides monitoring market trends and demands is also very important so that stock items can be adjusted to their needs.

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Yes, I think collecting customer data is also very helpful in understanding specific customer needs and preferences. I think with today's technology there are many platforms that provide analysis services for sales targeting. There are many other initiatives that can help build better relationships between companies and customers to create benefits for both parties.
Many things are helping businesses these days and it is irrespective of whether it is a big or small business when it is well planned and actualized, it will work fine. For example, marketing is very vital for the success of any business and the more you market, the better, but it must be marketed at the right places so that it reaches the right targeted audiences. This takes me to the customer data, it is good to have it, for example, having an email list or social media list of customers is a very good one, this is what will help the business to propagate new products/services, advertise promos and all that. While some will create their own group where interested people will be able to subscribe for new information about products and services.

All these help businesses grow so well these days. But one must be able to have a good relationship with their customers as well, and on top of that, a top-notch service is important. The last point is so crucial because it is a different thing you know or attract customers, but it is another thing to keep the customer with you. So, a very good customer relationship and quality service delivery are very important. If a customer is so satisfied with you, I wonder why they will not think of you next time and even tell people about you as well. Because of this, the business keeps running fine and growing as well. Also, capital is very good here, money is so needed for many things, which includes, for the products and service delivery, raw materials in some cases and even human power to say the least. Sadly, small businesses often die due to lack of this.
I also agree with your response that establishing good relationships with customers, proper marketing and providing quality services are also key to the success and success of a business. However, I would emphasize that managing capital wisely is important for business sustainability, especially for small businesses.
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December 29, 2023, 10:55:09 AM
 #316

Its never been easy to build up a business on which there's no assurance in speaking about success and other stuffs on which it would really be that not that simple because of other factors which would really affect out when it comes to success. Failure is one of the risks involved once you do hover yourself or step your foot into this industry. Small-scale on which this is where everything is starting because no business would really be starting on being big, unless if its been inherited or being sold to someone then you could start up directly to be big but of course the cost wont really be that cheap and also people would really be preferring on starting up on scratch because they do really know on how to make things to handle since from the start.
That's the problem because building a thriving business is not an easy job and we are required to be able to keep up with the times. Business must also be seen through consumer suitability, for example when we want to open a certain business, the first step we must take is to look at opportunities, whether the business we want to develop has a market that we can target. If not, the business will be quite difficult for us to develop into a more advanced one. I believe that building a business is not easy because it requires patience in the process.

We will definitely experience the risk of failure and loss of basic capital when building a business, but how can we survive when we first start building it? Businesspeople have reserve capital as a form of development and this capital is used when initially building it and when everything runs stable, that's where we can take advantage.

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December 31, 2023, 03:30:05 PM
 #317

Its never been easy to build up a business on which there's no assurance in speaking about success and other stuffs on which it would really be that not that simple because of other factors which would really affect out when it comes to success. Failure is one of the risks involved once you do hover yourself or step your foot into this industry. Small-scale on which this is where everything is starting because no business would really be starting on being big, unless if its been inherited or being sold to someone then you could start up directly to be big but of course the cost wont really be that cheap and also people would really be preferring on starting up on scratch because they do really know on how to make things to handle since from the start.
That's the problem because building a thriving business is not an easy job and we are required to be able to keep up with the times. Business must also be seen through consumer suitability, for example when we want to open a certain business, the first step we must take is to look at opportunities, whether the business we want to develop has a market that we can target. If not, the business will be quite difficult for us to develop into a more advanced one. I believe that building a business is not easy because it requires patience in the process.

We will definitely experience the risk of failure and loss of basic capital when building a business, but how can we survive when we first start building it? Businesspeople have reserve capital as a form of development and this capital is used when initially building it and when everything runs stable, that's where we can take advantage.

in my opinion someone who starts a business of course has to learn a lot first with what they are going to do, they can learn in many ways, especially with now increasingly sophisticated technology making everything easy to access, if they really want to value a business of course they can learn from the internet, and from the internet there must be a lot that can be made into lessons for the business they are going to run. if they have a good mindset they will take advantage of current technological developments, and this is what they should be able to use to find additional knowledge related to the business they are going to run. despite that, before starting a business they have to prepare everything well, from the management of goods or products, also with marketing later that must be done well, because the products they produce must be marketed well, and with this not all of them have a good mindset.

apart from that, before starting a business they have to prepare everything well, from the management of goods or products, also with marketing later that must be done well, because the products they produce must be marketed well, and with this not everyone has skills in marketing, if they really want to learn to market their products they must look for sources that have good marketing techniques, because marketing is also important, because as far as I know usually a business that has difficulties in its business is due to poor marketing, so this also needs attention.

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December 31, 2023, 09:40:40 PM
 #318

...
Yes, I agree. A true businessman is when he falls he can get back up. Every human being has a different mindset. Because mindset plays a very important role in achieving our goal, namely success. If we have experienced failure before, don't give up easily, because everything can still be tried again.

It is indeed difficult for those who do not have capital to get up, unlike those who are rich, when they go bankrupt they can easily rebuild a new business. but each of us must keep trying and not give up easily. Because everything has a way if we have the will. Therefore, continue to think positively, think optimistically, stay enthusiastic, we can definitely get through everything.

"the blessing of struggle"

There are many great entrepreneurs today who have managed to rise from adversity, this is all because they were able to find a way out of every business difficulty they faced. I have also experienced it myself where it is difficult to build a more stable business, we are often forced to look for new ideas for increase the interest of potential buyers of our products, as an entrepreneur, if you only use ordinary ideas then don't expect your business to develop, innovation in every business is important, without good ideas - innovation - resilience it is difficult to survive as an entrepreneur in the current era, don't be tired because being an entrepreneur is not easy, if we are tired then just close the business and work with someone else lol


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January 01, 2024, 01:30:59 PM
 #319

Just as a boat without a purpose cannot reach its destination, without proper planning no success to work achieved. If a small entrepreneur wants to start a business, if there is a mistake in his planning and decision, he may end up in failure. Again, this can be the case for bad behavior with customers. In the case of offline busines, misplacing the business location can also result in failure  your business. If an entrepreneur is not focused on the business and has no patience, it is not uncommon for his to business fail. I think small entrepreneurs, if they can use their hard work, brainpower and planning properly. Only then business failure of small traders can be avoided.
And from these failures, that's how businessmen learn. No one's going to tell them when they will fail but they can see the signs of it.
And with these experiences, if they're going to continue their business, they know how to avoid failure when they see the signs since they're able to experience it before.
If we can learn from the mistakes we make, it is very good, we can correct them and not repeat them in the future, when we know the signs of failure, it will be better for us to think about how to solve the problem because if we have experienced failure Just learning it, of course we will incur more losses.
For those who have experienced failure in their business, of course they have to be able to fix it so that the business they run continues to run well and if they experience several failures, of course there are mistakes that they haven't corrected, it would be better for them to change their business idea if they still want to do business.

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January 01, 2024, 04:41:30 PM
 #320

In addition to everyone's contribution,I think there's a need to consider your business location including visibility,nearby competition and even customer's convenience,the image you want to create or project and your budget should be laid into consideration.

 It's not easy to start a business and switch locations in a short period of time.So a bad location choice can be a business crasher at large.its okay to be aware of the common hazards involved and try to avoid them.

All these reasons we've listed here  for the failure of a business can be addressed if you identify which ones affects us in one way or the other and create a plan for removing them so we can have a convenient and satisfactory business experience.

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