Dear Baybars, My business is losing money! Should I quit? I started my business about two years ago, which is a restaurant, and I am so disappointed. At the beginning I was very optimistic that everything would go well, but now my enthusiasm has gone and l have lost my motivation to work. My business is not succeeding, and I don’t know where I am going wrong. I am aware that it can take more than three years to make a business successful but I am still scared because I am losing money. What would be your advice to me? Should I keep doing it or stop before it is too late? I would really appreciate your answer. Tina   Dear Tina, Preparing a business plan before starting a business is crucial. There are dozens of business plan templates that include hundreds of questions for you to answer. One of the classic questions is about the competitors in your market. I have no idea about the environment where you set up your restaurant. How many restaurants are there on the same street?  Are you the only one who is not able to make money, or are there other restaurant owners who, like you, are not happy with their business? These are very important indexes of your entrepreneurial skill. If most of the restaurant owners are not happy, there is something wrong with the market, in which case it seems you need to stop your business at this address. Preparing a business plan before starting a business is crucial. If others are not having the same problem as you, I cannot necessarily say you are an unsuccessful entrepreneur. But I can question your way of doing business. I might gues [...]

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