Post
Topic
Board Economics
Re: Business failure among small-scale entrepreneurs
by
milewilda
on 07/10/2022, 19:27:58 UTC
To become a successful entrepreneur, of course, requires a process and has failed a lot, the big entrepreneur we see today is successful when he tells it, he will say that he has experienced many failures and is almost desperate because of bankruptcy and so on, but with enthusiasm and learning from mistakes they can success.
Those who are successful now have failed in the past, but I don't think there is a need for too many failures, because when there are more failures in an entrepreneur, he will get worse and take longer to get back up. The success of an entrepreneur is also due to long hard work and never give up and what don't forget is his experience in the field he is in.
Because when he had failed once or twice in his attempts, the third time would definitely not fail again because he already knew where the fault lies in the past which caused him to fail.
Their is no successful business without failures, but as far as one is doing the right thing in business and putting good attention to the business it definitely be successful. Reasons why most businesses don't do well is because people fail to give attention to their business.
Failure in business will always take place but when one is comfortable with the falure and not trying to make some adjustment to correct certain mistakes that means the business won't survive.
Any business does really experience failures but we know that failures could really be having different extent on which there are some who could able to recover and there are some who do totally die.
It would really be just that normal that you would really be needing up on making adjustments for you to correct on what you had done wrong.Although there's really no assurance when it comes to success.
You wouldnt really be able to stop things whether it could really be the end of your business or you could really still able to recover it.Mistakes and errors are common
but as a business owner then you would really be striving your best on standing on your feet.