Quote from: abhiseshakana on July 31, 2020, 08:51:44 AM

Quote from: South Park on July 30, 2020, 03:32:00 PM

I agree, this is an endurance test there are many companies that are going to disappear and there will be a lot of people that give up but once this is finally over those that remain standing will receive the benefits of less competition and more profits as people go back to their old spending habits, and you want to be there to take advantage of those circumstances, I am sure that anyone that gives up now on whatever business they have will surely regret it down the line.

Great people are those who can avoid potential problems. Being realistic and closing a business does not always signify a businessman giving up. I take for example the business of exporting my colleague's shells, the shells exported are usually used for raw materials for crafts and for the production of buttons. An automatic pandemic and the closure of some tourism objects caused handicrafts to be deserted by buyers, so my colleague temporarily closed his business and gave severance according to the law to some of his employees. With the consideration of my colleague, I do not know how long he can run strong, but by laying off employees, it also prepares themselves to deal with this condition.

Temporarily closing a business does not mean giving up and keeping quiet, my colleague tries to open a number of home-based businesses and continues to send offers to several new shell buyers around the world while supervising children's online learning.

It is obvious since I was talking about giving up on your business that I was not talking about those that temporarily close their business but about those that do so permanently, however as deisik stated above temporarily closing a business can be nothing more but delaying taking a definite decision about the future of the business, besides what guarantees the owner will be able to solve the problems of their business in the future when he has been out of the loop for months and depending on the industry that could be enough for the game to have changed significantly.