How long should one be patient with a failing business before quitting?

[Immilash1]

A business thats bounnd to fail will always fail no matter hard you try because it has been destined to fail , because there's no proper business plan to follow the business
A business thats bounnd to fail will always fail no matter hard you try because it has been destined to fail , because there's no proper business plan to follow the business

That's true, I completely agree with This, no matter how you tried in savings those kinds of business you are not going to succeed because it's bound to fail.

 

[Treborika]

I think you are not supposed to wait for longer until the business could not sustain itself. Waiting beyond that you can enter the business into bad debts which is adding up of other problems to the existing ones on the business.

 

[Heatman]

Well starting a business in the first place would mean research and effort have been put into it prior, so if things aren't working out as hoped then it's important to double the effort more

The Beginning stage of any business is always very difficult and challenging and it's why those that are not patient enough will end up quitting the business when it is about to start making progress and they will always regret it in the end.

 

[Immilash1]

I think you are not supposed to wait for longer until the business could not sustain itself. Waiting beyond that you can enter the business into bad debts which is adding up of other problems to the existing ones on the business.

That's true, if you are starting up a business for the first time you need to be use to this kinds of things, not getting use to them might be a big problem to you.

 

[Robert90]

The type and scale of the firm may have an impact on the choice of when to close down a failing venture. The longer one can hold out before giving up, the bigger the business. Yet as soon as losses begin to consume the cash, a decision must be made about when and how to close the company.

 

[Good-Person]

That's true, if you are starting up a business for the first time you need to be use to this kinds of things, not getting use to them might be a big problem to you.

I think that many people make the mistake of reinvesting their capital once they invest a lot, even when they are clearly not generating enough money at all in the first place.

 

[Trey]

It is not about the number of time someone fails in business, the moment you find out that the number of times you loose in a business is more than the times you gain your profit, then I'd advice you quit, you retreat when the business is no longer progressing

 

[Mayorla]

Sometimes it is best to quit a business especially if you are unable to come up with a solution after a long while.
If the losses are too continuous and You can not seem to find a breakthrough, Then it is best you call it quit.

 

[Abigael]

Sometimes it is best to quit a business especially if you are unable to come up with a solution after a long while.
If the losses are too continuous and You can not seem to find a breakthrough, Then it is best you call it quit.

That is right. Sometimes quitting is the best option. For the more you persist, you could lose even more. Better to either close the business and take a break or close it completely and pursue other things.

 

[Mayorla]

That is right. Sometimes quitting is the best option. For the more you persist, you could lose even more. Better to either close the business and take a break or close it completely and pursue other things.

Yes, That is just the Truth.
Sometimes, The problem the business is facing might be beyond your capability. And instead of wasting resources trying to make it work, It is better to divert the fund to something else.