At What Point Should A business Owner Give Up On A Business?

[maventiger]

We all know the purpose of any business venture is to make money or reasonable return on whatever is being invested in the business. I see most inexperienced business owners abandon their startups because they couldn't make profit or break even at such an early stage in business.

is it a wise decision to close a business at such an early stage?

 

[Onachukwu]

Many people think about starting a business, but not many of them end up becoming a successful entrepreneur and business owner.

To start your own business and become a successful entrepreneur, you need special disciplines; disciplines that are practiced by all successful entrepreneurs and self-made business millionaires

 

[Adetayo100]

A good business owner shouldn't have the mindset of quitting no matter how many failures he has encountered, what he needs to do is to repackage the business, seek professional help and understanding about the business then try again until he succeed.

 

[maventiger]

Many people think about starting a business, but not many of them end up becoming a successful entrepreneur and business owner.

To start your own business and become a successful entrepreneur, you need special disciplines; disciplines that are practiced by all successful entrepreneurs and self-made business millionaires

@Onachukwu by following the footsteps of self made business owner and entrepreneurs who must have been successful in running a business. Learning from one or two things from them and their strategies would help startups for sure.

 

[Blessedsam60]

In my own dictionary, there's nothing like giving up. How will you seek for this advice? Do not give up upon a business. It might seems tough today but with persistence and passion that business will announce you to the world.
Tough time do not last but tough people do.

 

[Trexxxy]

As soon as you start to notice that there isn't any significant growth, even with all the money invested
. or you have lost the passion, drive and energy you started the business with. You are not making enough .oney, you are not excited about the business.

 

[sam386150]

A business owner doesn't need to give up on a business in as long as he is still physically fit, you can only give up if is that condition is not normal maybe around 60 or 70 years of age, he can also give up if he have somebody who can play a better roles in the business.
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A business owner doesn't need to give up on a business in as long as he is still physically fit, you can only give up if is that condition is not normal maybe around 60 or 70 years of age, he can also give up if he have somebody who can play a better roles in the business.

 

[kahsifnadeem]

We all know the purpose of any business venture is to make money or reasonable return on whatever is being invested in the business. I see most inexperienced business owners abandon their startups because they couldn't make profit or break even at such an early stage in business.

is it a wise decision to close a business at such an early stage?

if you are doing a business patience is a necessary for it and ups and downs always come in the business so if a man is losing his heart he can never be succeed. It is compulsory for us to beat the other companies that we should stay calm and patient.

 

[Ojonuyo]

A business owner should abandon a business, when the business is causing him or her loss then gain for a long period of time. But in most cases, most businesses owner actually give up and stop trying when they run out of capital in continue running the business.

 

[Irfanali]

Successful entrepreneurs who seek long-term business and personal success invest time and money not only in their startups but also in their families. So if your family is on a break, it will go with it from time to time. An adversary of an unopened product or service is satisfied with its current existence.
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Successful entrepreneurs who seek long-term business and personal success invest time and money not only in their startups but also in their families. So if your family is on a break, it will go with it from time to time. An adversary of an unopened product or service is satisfied with its current existence.

 

[idhans]

We all know the purpose of any business venture is to make money or reasonable return on whatever is being invested in the business. I see most inexperienced business owners abandon their startups because they couldn't make profit or break even at such an early stage in business.

is it a wise decision to close a business at such an early stage?

you may not always have huge returns at the early stages of your business and so you don't just have to quit your business because you are not getting profit immediately. Every business requires so much patient and endurance and you must exhibit these qualities if you wants to succeed in business.

 

[Shayo]

Any one that gives up that early shouldn't have gone into business in the first place, the person should look for employment instead where he is sure of getting salary every month. Business requires patience, you may not even make a single sale on some says but that doesn't mean you give up, better days are still ahead.

 

[Sheun450]

If you want to succeed, you can't micromanage every little detail of your business. Give yourself a break. Even if you love your business, you need time away from your business. If you don't allow yourself to take time off, you will burn out and ultimately fail.

 

[Joseph555]

Whenever you find another paying business you can witness but if the current business is open there is no sense in giving up on the business mind you you should not stop what you cannot take to run in you will be running Helter skelter when your business fail

 

[Veetos12]

We all know the purpose of any business venture is to make money or reasonable return on whatever is being invested in the business. I see most inexperienced business owners abandon their startups because they couldn't make profit or break even at such an early stage in business.

is it a wise decision to close a business at such an early stage?

There is no particular time a business should be advised to close up in as much the owner of the business still have reasons to continue despite challenges. If a business is faced with financial challenges at early stage of starting it, it is advised the owner restrategize instead of closing up

 

[maventiger]

There is no particular time a business should be advised to close up in as much the owner of the business still have reasons to continue despite challenges. If a business is faced with financial challenges at early stage of starting it, it is advised the owner restrategize instead of closing up

@Veetos12 Strategizing at that point always seem difficult and nearly looks in effective in solving present situation facing the company. Albeit, such financial worries can be avoided at such an early stage in business.

 

[Damismiling]

We see a lot of people not experiencing progress in their business because they don't understand how the business works y the truth is not all business is for everybody, understand this that big any business is not yielding you profit it it's not bringing joy to you, after putting all things in place, from friends and family or colleagues that are experienced in that field, then the business might not be for you after trying for so many years I will suggest you try out other businesses

 

[Ridorz]

I can say it's not advisable to be quit a business because I believe that there is no business that do not profitable, so if you are doing a business and you don't see a good results there is must be something wrong with you not a business. yes, firstly, as far that you have knowledge about business and you made a good plan but still the business is not going well, I can just advise you to make a research on the location you may be you should relocate or replan strategies.

 

[Chumzy]

Some people will say that giving up is not an option in life cus it shows failure. But then when you look at it closely you understand that there is time in life. When you have to make the decision to divest if by all indications nothing can come out.

 

[Sake]

When your business is giving you more debt than profit. When people who works for you starts to quit because you can't pay them anymore. You can give up your business but it should not be the end of your career. Try again start new. What goes wrong in your previous business avoid doing that again