Website Hosting for Just 20 ForumCoin ~ Advertise on ForumCoin
ForumCoin is an online community where you earn ForumCoin for making posts and for referring other members. You can use the ForumCoin virtual currency to buy and sell goods and services and to exchange for traditional currencies. Find out more!
Questions and discussions related to business, making money online, cryptocurrencies, etc.
Forum rules
Please ensure that all posts contribute positively to the discussion and are quality posts. Any low quality posts will be deleted. Please read "What makes a worthwhile post? before posting. This section is not for questions or topics about Forum Coin and these discussions should instead be posted in our ForumCoin Related Discussions forum. You must not post referral links in this forum.

Re: How do you manage your losses on the business?

Postby flow-er » 18 Jul 2023, 16:46

One of the best ways to manage losses in a business is to manage the risk that is attached to such a business.
  • 0

flow-er
 
Posts: 640
Reputation: 5
ForumCoin: 0



Re: How do you manage your losses on the business?

Postby Cuddy » 19 Jul 2023, 18:38

flow-er wrote:One of the best ways to manage losses in a business is to manage the risk that is attached to such a business.
you have raised a very vital point because I also believe that if the risk that is attached to a business is properly managed, losses could be minimised.
  • 0

Cuddy
 
Posts: 789
Reputation: 2
ForumCoin: 20

Re: How do you manage your losses on the business?

Postby augusta » 25 Jul 2023, 09:10

Count it and either move on or restrategize to restart again. it will be helpful
  • 0

User avatar
augusta
 
Posts: 20,413
Reputation: 717
ForumCoin: 2

Re: How do you manage your losses on the business?

Postby Richie10 » 25 Jul 2023, 18:48

Cuddy wrote:
flow-er wrote:One of the best ways to manage losses in a business is to manage the risk that is attached to such a business.
you have raised a very vital point because I also believe that if the risk that is attached to a business is properly managed, losses could be minimised.
To manage the risks, you have to understand entirely what the risks involves and the potential damage to the business.
  • 0

Richie10
Banned
 
Posts: 440
Reputation: -48
ForumCoin: -1

Re: How do you manage your losses on the business?

Postby Xynehappy » 25 Jul 2023, 19:02

You can as well achieve this by conducting a robust marketing study and laid down structures that can help the business to realize it's successfulness.
  • 0

Xynehappy
 
Posts: 604
Location: Kilifi Kenya
Reputation: 5
ForumCoin: 22

Re: How do you manage your losses on the business?

Postby Richie10 » 30 Jul 2023, 05:55

kennysplash wrote:As a business person there are times when you will experience losses, you just have to learn from them to not repeat itself again.
You have to understand that losses are part of business. You dont have to give up on your entrepreneurial dreams because of losses.
  • 0

Richie10
Banned
 
Posts: 440
Reputation: -48
ForumCoin: -1

Re: How do you manage your losses on the business?

Postby TiMi » 02 Aug 2023, 15:13

From my experience, I re-evaluate the cause of the losses
learn from it and make sure I don't repeat the same mistake
  • 0

TiMi
Banned
 
Posts: 133
Reputation: -50
ForumCoin: 13

Re: How do you manage your losses on the business?

Postby Emmaojo » 02 Aug 2023, 16:03

Inem wrote:If it is necessary, seek Profesional advice from financial experts and business consultants / mentors.
it is even necessary to seek advice from consultants because they are the only solution to every problem of a business.
  • 0

Emmaojo
 
Posts: 5,206
Referrals: 13
Reputation: 98
ForumCoin: 103

Re: How do you manage your losses on the business?

Postby eldavis » 02 Aug 2023, 18:53

You just have to man up, learn from your mistakes and keep pushing. Cause its never easy, i experienced some losses today but am just trying my best not to let it stress me out.
  • 0

eldavis
 
Posts: 4,755
Location: Nigeria
Referrals: 6
Reputation: 159
ForumCoin: 519

Re: How do you manage your losses on the business?

Postby kennysplash » 02 Aug 2023, 21:37

I will sit down and try to analyze and understand what went wrong and how I can avoid making the same error next time.
  • 0

kennysplash
 
Posts: 652
Location: Nigeria
Reputation: 24
ForumCoin: 12

Re: How do you manage your losses on the business?

Postby nuella » 03 Aug 2023, 06:33

I would examine where the losses are coming from. And I would change products if it's from the market demand.
  • 0

nuella
Banned
 
Posts: 476
Referrals: 3
Reputation: 6
ForumCoin: 30

Re: How do you manage your losses on the business?

Postby crestcapital » 04 Aug 2023, 16:42

One of the major ways at which you can manage losses in your business is when you understand the risk that is surrounding the business.
  • 0

crestcapital
 
Posts: 1,301
Reputation: 28
ForumCoin: 10

Re: How do you manage your losses on the business?

Postby Richie10 » 04 Aug 2023, 17:39

I find out where I can reduce the cost of production or operational cost. I also explore how I can review my prices upward a little.
  • 0

Richie10
Banned
 
Posts: 440
Reputation: -48
ForumCoin: -1

Re: How do you manage your losses on the business?

Postby kennysplash » 04 Aug 2023, 20:33

You need to sit down and analyse what went wrong. Then apply strategies that won't make it happen next time.
  • 0

kennysplash
 
Posts: 652
Location: Nigeria
Reputation: 24
ForumCoin: 12

Re: How do you manage your losses on the business?

Postby Vikky » 05 Aug 2023, 08:52

Looses is possible because every business or entrepreneur lose but how you mange it is target focus and hardworking and you also check what make you to loose in the business and you make corrections
  • 0

Vikky
 
Posts: 446
Reputation: -3
ForumCoin: 1

Re: How do you manage your losses on the business?

Postby Ketron » 05 Aug 2023, 09:46

When people talk about management of losses in a business, I keep wondering how they got their assertion from because I know very well that you can only manage losses in a business if you understand the ins-and-outs of such business.
  • 0

Ketron
 
Posts: 407
Reputation: 4
ForumCoin: 14

Re: How do you manage your losses on the business?

Postby Cuddy » 05 Aug 2023, 20:22

It is always good to understand the ins-and-outs of a business because that is how you can manage the losses.
  • 0

Cuddy
 
Posts: 789
Reputation: 2
ForumCoin: 20

Re: How do you manage your losses on the business?

Postby oldbuddy » 05 Aug 2023, 22:02

I left those by the side of the road when I started using my new strategy over two years ago.
  • 0

I just discovered this custom designed Blog System that anyone can learn to use ,
it's that simple.
SEE A COUPLE OF POSTS MADE ON MY FIRST TRY CLICK HERE
User avatar
oldbuddy
 
Posts: 10,970
Location: Portland, Oregon, USA
Referrals: 40
Reputation: 2066
ForumCoin: 782

Re: How do you manage your losses on the business?

Postby nuella » 06 Aug 2023, 06:09

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.
  • 0

nuella
Banned
 
Posts: 476
Referrals: 3
Reputation: 6
ForumCoin: 30

Re: How do you manage your losses on the business?

Postby Cuddy » 07 Aug 2023, 16:23

Each and every business owner can prevent losses in their businesses by ensuring that they apply strategies that will enhance profitability.
  • 0

Cuddy
 
Posts: 789
Reputation: 2
ForumCoin: 20

PreviousNext


Your Ad Here.

Return to Business, Money & Wealth - BMW Forum



Who is online

Users browsing this forum: bestwriter and 3 guests

Reputation System ©'