It is always good to share a lesson you learned from a failed business so that others can learn from it. For me I learnt not to sell on credit even to family members they will wreck the business. How about you?
My business failed and closed down once before I worked hard to resurrect it and one thing I learned was that as you start selling, you should buy your production inputs for the next batch before you even finish selling else you might use up the money.
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