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

[AbAttitude1]

When a business owner should loss hope is when he or she see that the business is no more growing the way he or she expected it. Or when the business owner sees that that his or her business is costing him a lot with out making any profit on that his or her business

 

[Abdul Naveed]

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 in an important place, it may be time to leave. An adversary of an unopened product or service is satisfied with its current existence

 

[Shahzaib37]

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 anyone don't show interest in a business he needs to left it and make a good start of like also in business a time comes when he tired for business and do want rest in life it is the time of retirement.

 

[Luckboy]

A real business man owner who have a big dream not Matter how the failure he face should not quite he should stick with is policy and start all over again without failure in business there won't be progressive when you fall it help a lot then you must put more effort not to fall again failure is the best way and quickly way to succeed

 

[Ltherman]

When the business has gone under and just waiting for the official closure of the business. Most business will show the signs esrly enough and if they is nothing that can be done to salvage the situation then the business will have to be restructured or closed to avoid incurring more losses.

 

[Kayzzy3]

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?

Never or when the business owner dies, there's always a way out from any problem, patience, hardwork and hope will get that business owner through that challenge.

Never give up! Never quit! Just evolve!

 

[FreshKaz11]

If you are not more making money but you keep spending out and no customer or client ask for any of your products till they get spoil,the best to do is to stop the business straight forward because if you don't stop,you might go bankrupt and that will be bad for you and your family..so the earlier the best for you to notice the bad outcome of your business...

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?

 

[Sana Diyar]

Your dream have stop Remember back when you were so excited about your business? You went to bed thinking about it. Brainstorms popped into your head at the dinner table. You told everyone who would hold still to listen. Maybe you dreamed you would take over or revolutionize your industry or imagined the lifestyle this little baby company of yours would grow up to afford you. If now it's just about making it through the day -- or even more stressful, making it through payroll -- it could be

 

[kayode10]

At no point should you give up on a business you have a passion for. I think you should give up on the business you are being if after 5 years there is no tangible game you have made from the business transactions. First five years is between litmus test for any business to determine the future. If you see that this business is not growing the way you want it and you are putting an effort in card to do so yet no good traction then you give up.

 

[maventiger]

At no point should you give up on a business you have a passion for. I think you should give up on the business you are being if after 5 years there is no tangible game you have made from the business transactions. First five years is between litmus test for any business to determine the future. If you see that this business is not growing the way you want it and you are putting an effort in card to do so yet no good traction then you give up.

@kayode10 well said. Passion is the only thing that could make one stay in business after five years of no profit or tangible reason to hold unto the business. Fiver years is more than enough time to predict the future.

 

[Patrik]

giving up isn't the ideal thing to do, but if you insist on doing so, give up once you believe you aren't capable of handling anything anymore, instead of giving up, you could just give the business to someone who you know is able to handle it well

 

[Aniwhyte]

It is not a wise decision to close up a business at it's early stage because you're not making profit from it. I only deem it fit for one to close up his business when it is at least up to 8 months and still there is no positive sign of improvement.

 

[Alihaider]

Signs It's time to leave your business
Your dreams have stopped. Remember when you were so passionate about your business? ...
Your body never lies. ...
Fahgettaboutit. ...
There is no money yet. ...
You don't like your users. ...
Complaints are over. ...

 

[Nicklas22]

I don't there is a time where one has to give up on your business, as long as you still has the zeal and love for the business and you have a means to get capital or funds to push the business forward
But when you don't have the zeal and passion for the business then you can quit

 

[Sotherefore]

once you're going into any business you should try as much as possible to be committed to that business and when you're going into any type of business you need to analyse to find out that the business will succeed,if you are going into any business do not think of giving up in that business

 

[Kamon c4]

You should never give up on a business even when it’s not showing good signs. The success of a business is determined the sacrifices, perseverance and endurance during the turbulent times. It’s not always rosy in business

 

[Neeta313]

Starting up a business is not easy, that is why when one starts up a business, he or she should be prepared for whatever comes their way, you may start up a business and you may not make any profit at the Beginning but it may come towards the ending. In as much as I would not advise one to give up, if it gets to a point where you are losing so much more than what you are gaining or that business has drained you completely, then you can let it go and maybe think of another form of business to venture into.

 

[Janita]

A successful Businessman never give up on a business he always try again and again to face challenges and hard time during working on a business so he never give up and try is best to get successful result in running the business without getting failure in Counter no matter how many time we are in counter in the business but we will once we get the chance after getting many time of failed result

 

[maventiger]

A successful Businessman never give up on a business he always try again and again to face challenges and hard time during working on a business so he never give up and try is best to get successful result in running the business without getting failure in Counter no matter how many time we are in counter in the business but we will once we get the chance after getting many time of failed result

@Janita why so many business owner keep failing in business after several trial is because they fail to learn from the past failures. Whenever a business owner fail, learning and re strategizing should be the watch word.

 

[oluwaseun tope]

The time a person can stop a business is a time when such an individual notice that his or her business or product is growing well and the profit that has been regained is enough to sustain the individual throughout his life.