Is business failure only about financial loss

[Nomad]

When a business fails, it is certainly a big financial blow. However, failure of business is not just about finances, it is also about the failure of your dreams, effort, time and a lot of other things. Sometimes failures are so big that you might not have courage to start another business and give up your desire to start a business entirely. have you ever been in this situation?

 

[Springtime]

I have not owned a business. So never been in such a situation. I agree that when a business fails, it's not just loss of money, it may affect your morale and confidence.

 

[AruneBend]

You lose a lot of time hundreds of hours if not more also it has negative affect on your mental health

 

[King Belieal]

Business failure is not just about financial losses. It is also about the inability of a business to retain its customers.

 

[Suba]

Business will always be related to finance, whether it is profit or loss, profit and loss will also be calculated in the form of money, which is stated in the financial statement and distributed to shareholders. The psychological impact of the owner on business failure is rarely discussed.