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Chandu

Chandu Nair  |65 Answers  |Ask -

VC, Angel Investing, Entrepreneurship Expert - Answered on Nov 27, 2023

Chandu Nair advises entrepreneurs and enterprises about creating and building their business.
He has direct experience in angel, venture capital and strategic investor funding. Over the last three decades, he has made a name for himself in industry, consultancy, media and information services.
Nair is on the advisory boards of the Chennai-based private equity firm Fulcrum and the social impact fund, Menterra. He's an independent director on the board of India's first retail building products company, Shankara Building Products Limited.
He was the co-founder of Scope e-Knowledge Center, a pioneering knowledge process outsourcing company, as well as the co-founder of a business-to-business e-commerce venture, both of which he successfully exited.... more
Asked by Anonymous - Nov 23, 2023Hindi
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Career

Dear Mr. Chandu I started a small cafe before I was working in hotel industry. But cafe is not making money we complete one year and only lost. Should I continue or close it. Area is new and in growing stage. Please suggest.

Ans: This is always a tough one to answer as I am operating blind on almost every aspect - of the business, the location, competition, your background, financial capability and mindset. If you are burning much more money than you are generating and you are unable to put in more, plus it is putting stress on you personally too including the family, it may be time to consider closing it down. Pl also consider the opportunity cost too. If you were working, what kind of salary would you be making and how much time would it take for the current business to come close to it?
This would help you arrive at a decision
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