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Business strategy
Getting back on your feet after a business failure
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[QUOTE="Nanaado1997, post: 154817, member: 51614"] There's no business that hasn't fails at least once. No successful business is the way it is without having failed in the past. Successes are built on failures and we all know this, but despite this knowledge, the blow of failure can be hard to deal with. Failures have shattered a lot of dreams, potential great business hence, there's a need to learn how to cope when we experience failure. Here are some tips that might come in handy: 1. Retrospection:After being dealt a huge blow by failure, you might want to take time to introspect and reflect of your past successes and how you've manages your business over the last couple of years. This is very important as you will know what caused the failure and take the necessary steps towards avoiding it in the future. 2. Hope: After failing in a venture, you should know that it is only part of the starting process and things will get better with time. 3. Resilience: Never let failure put you down. It is okay to take a break, maybe advisable. But always make sure you get back on your feet and fulfill your business dreams. [/QUOTE]
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