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[Trebor]

Whether we like it or not a business must make losses and profits at the same time. However as business owner's we must come up with ways and policies that can avoid the chances to make losses in the business.
I think the business can make more losses majorly through shoplifting made by some customers and theft through fraud made by the employees of the business. We can curb by employing a good security personnel that can business premises twenty four hours.
However we can minimise the loses made in the business by implementing a good inventory system that we can't receive an understocked order from the suppliers by mistake.
We too can achieve a loss free business when we have good records of the business stocks by making sure we pile stock the most fast moving items so that we can avoid the losses through selling of stockouts merchandise on the business. I think the list Can be longer and longer.

 

[Gamer01]

this is actually what any business demands , because if you are not that much motivated then you will easily loose access to the best revenue source which can be your own personal branded website so we must always make sure that we try our best and makr consistent efforts to grow online and avoid losing customers actually .

 

[Wisdom01]

That's right the strategy is always the most important part of any plan for the corporate companies and they always ensure that the Companies hires the experts to reduce the risk factor in the business and can also gain important considerations to make the business grow forwards .

I think strategies are important plans and concern , every companies should actually learn to grow their business forward, the thing is business are important concern for development I think that's something

 

[Gamer01]

you can take a notice of things and areas of your business that are not working well and not giving a significant income for you , and you can work on them in such a manner that you are able to change things up and then you can have the much positive growth needed for your business actually indeed .

 

[Ben Kempton]

you can take a notice of things and areas of your business that are not working well and not giving a significant income for you , and you can work on them in such a manner that you are able to change things up and then you can have the much positive growth needed for your business actually indeed .

As a businessman, you must realise that what might be working for you right now may not work for you in the future. This is one of the main reasons why many companies run out of business. According to various studies, many businesses were closed in the year 2023. Even companies like Dell also faced problems. They have had to cut their workforce so that they could survive in the market. This is why focusing on weak points is the key. Rectifying the actual mistakes is also one of the main aspects that should be focused on.

 

[Gamer01]

Yes you are very right in your point companies should always look at various things and should try to improve on things where they can actually to be honest ,it is much necessary for the people to make sure that they are indeed doing efforts to make sure that they are always studying things and adjusting accordingly .

 

[Ben Kempton]

Yes you are very right in your point companies should always look at various things and should try to improve on things where they can actually to be honest ,it is much necessary for the people to make sure that they are indeed doing efforts to make sure that they are always studying things and adjusting accordingly .

The year 2024 will be much harder for many people. There are many reasons for that. Inflation grew a lot more in the year 2023 and the inflation rate is expected to grow even more. So, do not be misguided by people who claim that the year 2024 will be much better. This is why it is much better to avoid losses and make sure that you make the right kind of decisions when you think about investing in any kind of business in the year 2024.

 

[Wisdom01]

The year 2024 will be much harder for many people. There are many reasons for that. Inflation grew a lot more in the year 2023 and the inflation rate is expected to grow even more. So, do not be misguided by people who claim that the year 2024 will be much better. This is why it is much better to avoid losses and make sure that you make the right kind of decisions when you think about investing in any kind of business in the year 2024.

Yeah I noticed that inflation grew more last year , many currency got devalued and others ,this year was a eye sore for many business ,I really hope this year actually changes things , that's an important factor or concerns

 

[lamia5765]

Yeah I noticed that inflation grew more last year , many currencies got devalued and others,this year was an eye sore for many business,I hope this year changes things , that's an important factor or concerns

It depends because for some countries there is a rate near to one dollar and in some countries, one dollar could be worth a lot of money then to buy something you need to bring with you a lot of money then inflation of cryptocurrencies and currencies will be something crucial with little change.

 

[Wisdom01]

It depends because for some countries there is a rate near to one dollar and in some countries, one dollar could be worth a lot of money then to buy something you need to bring with you a lot of money then inflation of cryptocurrencies and currencies will be something crucial with little change.

yeah definitely one dollar now worth more money in the local currency of many , so the inflation actually devalue the worth of many currency ,it really does have it's negative consequences and concept in my observation

 

[Gamer01]

Yes you are right in most of the countrues have seen the impact lf inflation and they are facing it badly actualy there are people who are not able to afford much things at all indeed and therefore you should try saving more money as much possible actually indeed .

 

[Gamer01]

Yes you are right in most of the countrues have seen the impact lf inflation and they are facing it badly actualy there are people who are not able to afford much things at all indeed and therefore you should try saving more money as much possible actually indeed .

 

[Ben Kempton]

Yeah I noticed that inflation grew more last year , many currency got devalued and others ,this year was a eye sore for many business ,I really hope this year actually changes things , that's an important factor or concerns

Well, the fact of the matter remains that inflation will grow much more this year. many economists have stated that it will take much time for businesses to regain economical strength. We just recovered from pandemic and we are experiencing aftermath effects and this is quite common for many businesses to suffer under such kind of circumstances. What matters the most is that we must save money as much as we can.

 

[Wisdom01]

Well, the fact of the matter remains that inflation will grow much more this year. many economists have stated that it will take much time for businesses to regain economical strength. We just recovered from pandemic and we are experiencing aftermath effects and this is quite common for many businesses to suffer under such kind of circumstances. What matters the most is that we must save money as much as we can.

But the problem is that saving money would only lead more to devaluation of the money , that's why am still running my own observation regarding saving up some money and others ,a lot I'd entailed

 

[johannesrumbino]

Minimising your business outcome is one you should do if you want to avoid losses. What you can do? Proper accounting and plans

 

[Trebor]

The year 2024 will be much harder for many people. There are many reasons for that. Inflation grew a lot more in the year 2023 and the inflation rate is expected to grow even more. So, do not be misguided by people who claim that the year 2024 will be much better. This is why it is much better to avoid losses and make sure that you make the right kind of decisions when you think about investing in any kind of business in the year 2024.

You are very right on that my friend concerning the inflation. ln this year,2024 people should get ready to dig deeper into their pockets for the management of the life indeed.

 

[Sthiraanjani]

It is how you can take out all unnecessary outcome and how you can maximise your profits. You need some plans, so if your first plan didn't work, you still have more chance to go

 

[Ben Kempton]

But the problem is that saving money would only lead more to devaluation of the money , that's why am still running my own observation regarding saving up some money and others ,a lot I'd entailed

The money will get devalued when you do not use money in the right manner. We can deal with this problem in many different ways as well. You should never save your money in bank because in the end, it would be bank that would benefit from your money. This is why investing money in the right kind of business is a far much viable option for investors who tend to look for long-term gains. They can invest in the stock market and make sure that they invest wisely.

 

[kayode10]

One thing I want you to know is that you cannot eradicate loss completely from any business venture, you can only mitigate it to the parents minimum with some precautional practice. Depending on your perspective there is no loss in the business only a learning experience. The best thing is to focus on KPI of your business and maximize profit.

 

[Ben Kempton]

One thing I want you to know is that you cannot eradicate loss completely from any business venture, you can only mitigate it to the parents minimum with some precautional practice. Depending on your perspective there is no loss in the business only a learning experience. The best thing is to focus on KPI of your business and maximize profit.

Losses cannot be avoided completely. However, they can be reduced if you follow a risk management plan. There are many different kinds of plans that could help reduce losses. For example, money saving plan is one such kind of plan that could help decrease losses. You can reduce your chances of suffering from loss by not investing in risky business ventures. This also includes saving money and offering products for a low cost. This may increase the influx of customers and you can compensate that by saving more money while running a business.

 

[Wisdom01]

Losses cannot be avoided completely. However, they can be reduced if you follow a risk management plan. There are many different kinds of plans that could help reduce losses. For example, money saving plan is one such kind of plan that could help decrease losses. You can reduce your chances of suffering from loss by not investing in risky business ventures. This also includes saving money and offering products for a low cost. This may increase the influx of customers and you can compensate that by saving more money while running a business.

Proper Management of funds is really important when running business activities , many business had want to encounter losses ,but I feel proper Management of funds really helped the business well I think