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

[Syldan]

Actually there is no specific time to which a business owner is expected or advise to give up in business because business are faced with both challenges and then pleasure but only those who are confident enough can stand.

 

[Godspower]

Actually there is no specific time to which a business owner is expected or advise to give up in business because business are faced with both challenges and then pleasure but only those who are confident enough can stand.

A business owner who is very passionate about this business will not easily give up on it. He must try to look for ways to salvage his business even if it's on the brink of failure.

 

[Syldan]

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

Actually self discipline and also business discipline can helped every entrepreneur to become successful and every try to overcome most of the business challenges that may comes his way.

 

[Shigobad20201]

A business owner should always nurse his or her business and have a positive mind towards solving the problem , and always face the challenges with your full strength.

 

[eenya001]

that question depends on various factors, as this factors would determine if a business is worth keeping or if the owner should just give up on the business, it could be your level of income or the cash flow in the business, these are the various factors that would determine your choice.

 

[Syldan]

There is no specific time to which a business owner is supposed to give up on his business. you are expected to be confident as a business owner working much harder towards the success of your business is your priority.

 

[Shigobad20201]

The time in which you have to give up on a business really depends on the tyoe of issue you are having with the business , some have money issue and some have issue with family which doesn't allow them to run the business.

 

[Godspower]

The time in which you have to give up on a business really depends on the tyoe of issue you are having with the business , some have money issue and some have issue with family which doesn't allow them to run the business.

If a business isn't giving you what you expect in terms of the financial returns, then you should quit instead of wasting scarce resources on trying to improve it.

 

[Sincerem]

Giving up on business will always be a very tough decision that a business owner has to make. The main reason why most people gives up in a business is because they are not generating money but instead they are making money to feed the business . This is not how business were meant to be.

 

[Robust]

When your business is giving you more headache and also making you to collect loans anyhow without paying back and is not giving you any profit usually in your business again it is really high time you stop the business and know what to do next.

 

[Setho]

It is a very sorry occurrence that sometimes you have to just abandon your business. This is sometimes necessary especially in the business has prove stubborn and is not moving.

 

[Syldan]

Actually no business entrepreneur is really advisable to give up on his business no matter how bad it suffered. alot of business find mergers when they have financial problems in other to solve the situation.

 

[Godspower]

Actually no business entrepreneur is really advisable to give up on his business no matter how bad it suffered. alot of business find mergers when they have financial problems in other to solve the situation.

I wouldn't advise any businessman to give up on his business at any point in time. Instead he should go back to the drawing board and start analysing the problems and possible solutions to them.

 

[Syldan]

Actually no one can ever be advise to give up on his business but in some circumstances were there are no any other options on how to handle the business, you can quite and that will be at your own helped.

 

[Chibson]

There is no point for me to continue running a business you do not have proper knowledge of. If you're not very much knowledgeable about your business you need to quit and go into business training.

 

[greenie]

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.

 

[Sotherefore]

It is always never an easy thing for business owners to accept the fact their business is not succeeding and give up on the business. If this is the thing we have to do I believe it is much more better than to keep on spending money on businesses that will never be profitable..

When your business is not generating profit and is depreciating then that is a clear sign that the business is not worth the stress

 

[Shigobad20201]

It is a very sorry occurrence that sometimes you have to just abandon your business. This is sometimes necessary especially in the business has prove stubborn and is not moving.

There are some business that you dont have any choice than to abandon the business , so its better to leave the business If you realises that you have tried your possible best to revive the business.

 

[Imran_Noori]

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?

I think never, he should never stop what he is doing because in the early stages it would be the same for everyone, if you have patience and don't give up, you would be successful.

 

[tyrim88]

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.

There are many things that can make a business to fail,not doing proper research about the business and sector,lack of managerial acumen,and not knowing how to manage finances in the business.These can cause business failure.