[Presh]

This is the reason you don't leave a business not supervised. Incidents like this happen often where negligence by staff cause huge losses for an organization.

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..

[kat82]

Loss management in business is something not easy. Without knowing where the loss is coming from and bridging the gap, businesses may fail. The only way to avoid this is to know how it is coming and fix it.

[Pearl128]

If you were selling like a provision shop and u discovered that the business is no longer moving and that you have loss a lot of money u either change the business or stop it or change the location of the place.

[stan358]

Losses in business can grumble the business if you are not able to handle them appropriately. Losses can be as a result of theft by your employees or losses due to damage of products. You can handle all these by taking proper stock management..

[Nsikan]

If it is cost induced losses, I would seek for ways to increase the efficiency of my operations. That would help reduce the cost of production. Automation could be a viable strategy.

[Lexsave]

How you would manage your losses would also depend on the kind of busines that incurs the losses. A production business might need to tweak inputs while a service business might need to regulate inputs.

[Abigael]

If you were selling like a provision shop and u discovered that the business is no longer moving and that you have loss a lot of money u either change the business or stop it or change the location of the place.

This is true. I loss, there is something that can always be implemented. It is your duty to identify what that is and work on changing it.

--- 14 Sep 2023, 08:23 ---

If you were selling like a provision shop and u discovered that the business is no longer moving and that you have loss a lot of money u either change the business or stop it or change the location of the place.

This is true. I loss, there is something that can always be implemented. It is your duty to identify what that is and work on changing it.

[Richie10]

Your ability to identify the cause or causes of the loss would render it 69% solved, your ability to determine effective techniques to mitigate the loss would keep it at a further 20 solution and your ability to implement the technique would completely have that loss managed.

[Nsikan]

I also agree with the notion that business losses happen because there is something that is missing in the business and if it's fixed, such losses won't occur. It is part of the learning process so you know how you would set up your business to run profitability over a sustainable period.n

[Abigael]

I also agree with the notion that business losses happen because there is something that is missing in the business and if it's fixed, such losses won't occur. It is part of the learning process so you know how you would set up your business to run profitability over a sustainable period.n

Yes, fixing loss problems starts with identifying what the issue really is. Therefore, it is important for business to keep checking whatever is wrong with the business.

[Ofonime]

Your ability to identify the cause or causes of the loss would render it 69% solved, your ability to determine effective techniques to mitigate the loss would keep it at a further 20 solution and your ability to implement the technique would completely have that loss managed.

Yes it's true I know what you mean you need to identify your loss and the caused of that loss also try learn from those people that have been in the same business field as you

[Abdulquadri400]

Reduce your expenses if Is there anything you can cut from your spending money on, you can also reduce the amount of drawings you're taking from the business and also,Increase your sales.

[Inem]

Reduce your expenses if Is there anything you can cut from your spending money on, you can also reduce the amount of drawings you're taking from the business and also,Increase your sales.

Reducing your costs might not do much to fix losses if they are caused by poor quality products or fraudulent activities.