How do you know when to eat a loss?

[glitch]

Eating a loss in any sort of business can be hard. It is admitting nothing is working for what you had planned and you have to accept that your time and money are coming in at a loss for yourself or your business. How do you know when it is time to through in the towel though?

 

[Kane]

When I was running my first business, I made a mistake by not closing it early on. I though I would be able to make it successful if I push a little hard. It caused a big loss. When I started making losses with the second business, I exactly knew when to shut it down. When I shut down the business, I was not at a loss as I recovered money by selling assets.

 

[Skysaint]

It's either you're making profits or making losses, so whatever you wish to accept depends on you. You just have to find a way to make both ends meet and save yourself from such predicament.

 

[Ja sa bong]

Eating a loss in any sort of business can be hard. It is admitting nothing is working for what you had planned and you have to accept that your time and money are coming in at a loss for yourself or your business. How do you know when it is time to through in the towel though?

Business management is not easy. If you're told it's easy, you've been lied to. When you know it's the time for you to throw in the white towel in your business is when it's very clear you have exhausted every options available at your disposal to make the business boom but it keeps on going down like Bitcoin in bearish market.