Learning from Losers !!!

Ahmed Abdul Azeem

1 min read

Why benefit from Losers?

The gap between Profit and Loss that turns Profit into Loss or Loss into Profit is one of the most crucial factor for every business. Study of this gap is called Sensitivity Analysis. So to work out how much efforts to be made to turn the loss into profit or how much efforts to make to save from profit turning into loss is primarily a subject matter of Sensitivity Analysis.

Success Stories

Businesses and Entrepreneurs largely see success stories of other businesses to replicate them. They however fail to realise key factors such as every success is driven by multiple hypothetical variable fluid factors which are peculiar to the business involved. These factors are further enshrined with the time factor, location, type of markets, types of customers, governmental regulations and many more. Hence learning from success stories is largely difficult or unrealistic because that set of scenario may not or never shape once again for the new business or the entrepreneur. .

Failures

More easier is to learn from the failure of Businesses and Entrepreneurs. Though they equally come with the similar factors as relevant to success, but still learning, knowing, understanding and making efforts to apply in any every given business venture, would at least help the business and entrepreneurs save from falling into the red.

Dream

Every business and entrepreneur's dream is to run the business not at least in a loss. Success and profits are though the next step of achievements. Therefore learning from the mistakes and failures of other businesses and entrepreneurs is a key rich source of business launch, business survival, business growth and business expansion.

Sensitivity Analysis

In either case working out the gap between Profit and Loss and the precise factors which can add up to turn the Profit into Loss or Loss into Profit remains key business tool for any and every business.

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