[oldbuddy]

Losses come at a certain time in the business cycle. You should always be anticipatory of them and have a plan to manage them when they come.

Losses are not a necessary part of making money anywhere. Nobody makes losses as part of a strategy, they never add to your profit and if you get enough of them, one day you may wake up in a dumpster.

The smart way to make money is to do it EVERY DAY, with no excuses for the days it did not work. Even if you only make a penny on some days, at least it is going in the right direction. I didn't copy this from some "Mottos for good business book", I DO IT EVERY DAY and have for the last several years. The truth of it is, you can do it too once you know how.

[kennysplash]

It is not the end of the world, I will accept it and find a way to bounce back.

[Richie10]

Losses come at a certain time in the business cycle. You should always be anticipatory of them and have a plan to manage them when they come.

Losses are not a necessary part of making money anywhere. Nobody makes losses as part of a strategy, they never add to your profit and if you get enough of them, one day you may wake up in a dumpster.

The smart way to make money is to do it EVERY DAY, with no excuses for the days it did not work. Even if you only make a penny on some days, at least it is going in the right direction. I didn't copy this from some "Mottos for good business book", I DO IT EVERY DAY and have for the last several years. The truth of it is, you can do it too once you know how.

But I think that no matter how much you try, there are some days that losses would just come and you genuinely have no control over it.

[oldbuddy]

Losses come at a certain time in the business cycle. You should always be anticipatory of them and have a plan to manage them when they come.

Losses are not a necessary part of making money anywhere. Nobody makes losses as part of a strategy, they never add to your profit and if you get enough of them, one day you may wake up in a dumpster.

The smart way to make money is to do it EVERY DAY, with no excuses for the days it did not work. Even if you only make a penny on some days, at least it is going in the right direction. I didn't copy this from some "Mottos for good business book", I DO IT EVERY DAY and have for the last several years. The truth of it is, you can do it too once you know how.

But I think that no matter how much you try, there are some days that losses would just come and you genuinely have no control over it.

You said it yourself, you genuinely have no control over it, so it's a waste of time, effort and money to try when you could be using those same resources to perfect ways to make more profits to offset them. It's really that simple.

[augusta]

It is not the end of the world, I will accept it and find a way to bounce back.

That's how it should be. You can count your losses and make amends then move on with the business

[Miley K]

You first of all reduce your expenses , it could be that your expenses are not within control. Also try to get advice from others.

[Semi]

When you keep losing money in a business,it is high time that costs should be re evaluated alongside pricing of the products sold and necessary adjustments made.

[Abigael]

Losses in business should be accepted and embraced, but not tolerated. You need to investigate the cause of loss and work on changing that which is wrong.

[Pistis]

Losses in business should be accepted and embraced, but not tolerated. You need to investigate the cause of loss and work on changing that which is wrong.

Only ocassional losses are embraced. Perpetual losses would run down the business. Check for leakages or possible fraud practices that might lead to losses.

[kennysplash]

It usually happens in business. So I try to figure out what went wrong and how I can avoid it next time.

[Ravic]

It is best to review your sales and marketing strategies if they are working or not. I would check with the stock management if there is overestimation that can lead to higher cost of production.

[stan358]

Business is all about profit and losses, but when the losses become so consistent it will be ideal to take a stock and be able to know the cause. Most times it could be caused by stealing from your employees..

[Pearl128]

When the losses are too much, you have to pay closer attention to your business. Try to monitor cash flow and see if there is any padding that can be presenting superficial losses.

[stan358]

When the losses are too much, you have to pay closer attention to your business. Try to monitor cash flow and see if there is any padding that can be presenting superficial losses.

Nobody anticipate for looses to happen in his business but when it actually occur, it is very important you consult auditors to take stock and they could be able to inform you the reason of the several losses..

[Alexandoy]

When the business is losing, the first thing to do is to determine what caused the losses. In my experience in a retailing business, the big problem I encountered was the loss of clients. A friend became my competitor and snatched my major clients. I had to launch a campaign to get new customers.

[stan358]

Investigating the cause of the looses could be the first thing. And if it is possible you can apply for the services of a professional to help you. Meet an auditor to help you take your stock..

[Abigael]

The best way to manage losses is finding out their course and looking for mitigation measures. It might help to bring in a third party who can audit your business better.

[Cody]

Periodic auditing by an external firm can help to plug the holes that lead to losses especially in a corporate business. But some businesses feel it's very expensive and they keep suffering losses.

The best way to manage losses is finding out their course and looking for mitigation measures. It might help to bring in a third party who can audit your business better.

[Inem]

If the economic conditions in the country can't support the level of workforce you have and that contributes to the losses, you have to be proactive by downsizing the workforce.

[stan358]

Losses in business could be as a result of waste by the employees and other staffs of the company. The management should be able to control such waste by allocating what will be sufficient for the employees each day..