Failed in doing business would be detrimental. Not only lose a lot of money but can also go bankrupt. Here are many things we must understand and learn because everything that happens has a meaningful value. In Business and Finance world, competition is a natural thing and we can not blame the competition. Therefore, we must get up and out of the bottom position.
1. Reduce complaining
It is true that complaining, in some measure, is a very natural thing in the face of problems. Bankruptcy is a matter that is not small and very human if we complain. The most important are the level and the time. It’s okay to complain but if we want to rise, we should not complain in protracted because it will only bring bad influence on our own mentality.
2. Positive Thinking
It is also very important for our mental condition. It is true that bankruptcy is a disaster, but still, there will be lessons that we can take from it. If we continue to think negatively, then we will not be able to absorb the lessons that may be contained in the bankruptcy. There are many cases where bankrupt entrepreneurs are unable to rise again because of too much negative thinking.
3. Learn the Mistakes
Perhaps this is the most important thing we must do in the face of bankruptcy. Many people just regret and complain protracted and forget that there is a pursuit that we can take from the bankruptcy. This is the thing that will make us strong if we are given a chance to rise again.
4. Act Fast
It is true that in the event of bankruptcy, everything is over. But there really is a path that we can take to at least reduce the effects of bankruptcy. By acting quickly to overcome the bankruptcy, we have a chance to be able to avoid it. Many entrepreneurs are immediately “weak” when they see bankruptcy coming, and that’s what makes them unable to avoid it.
5. Do not Surrender
When we give up, then all is finished. Hence the abstinence of his law to surrender even to bankruptcy. Although we may not be able to rise from the bankruptcy, we can try to start again because that is the nature of a business, it just fails or succeeds. So we do not need to be too weak and afraid of bankruptcy.