What to do when your business fails?

[Sanjeev]

I don't own a business but I wonder what people do when their business fails.

I guess: they try to sell their business or they wind up and leave as it is for sometime or they take loan and invest some more money to run it.

What else they do?

 

[Starmix]

As much as possible, I won't let it happen to my business. I can manage well my business. In case others experience this, it s a big loss but it can be revived by adding a capital for the business to to sand again.

 

[Sanjeev]

As much as possible, I won't let it happen to my business. I can manage well my business. In case others experience this, it s a big loss but it can be revived by adding a capital for the business to to sand again.

That's right. You need to add money to the business if it happens to your business. Most of the business drowns because of the lack of money.

 

[Nomad]

If you can no longer run the business for a loss, either sell it or shut it down.

 

[Springtime]

I do not own a business. If that happens to me, I'll try to find out the cause of the failure. Seek new investors to inject money into the business. Otherwise, I have no choice but to wind up or sell the business.

 

[kerryjoy]

You start restructuring and keep on with the focus,just never giving up

 

[Augusta]

if your business faiks look at the cause of it and see if you can remedy it but if not let it go.

 

[neku]

If the business has inventory or assets, the business owner will try to sell the inventory for the best price possible and keep the business running for as long as he or she can.