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- Joined Mar 2, 2002
For those of you who have owned businesses which you had to close or those who have worked for a long time at a place and it became time to move on...
How did you know when to throw in the towel?
I've owned my own business for almost 4 years. I am sore, exhausted, stressed out, and still poor. I don't feel like I am moving forward. My lease is expiring soon, and I am seriously questioning whether I want to continue or not. The area I am in is declining. All the businesses around there are slow. I've thought about moving the business, but I just don't know if I have the energy left to do that.
On the otherhand, I don't know what I'll do next if I do close. It's kind of a scary place to be.
When I did my business plan 4 years ago, I didn't develop an "exit strategy" in the event that the business didn't last forever (big mistake). Now I am sort of at a loss as to how to proceed.
Does anyone have any thoughts on this?
Thanks, RF
How did you know when to throw in the towel?
I've owned my own business for almost 4 years. I am sore, exhausted, stressed out, and still poor. I don't feel like I am moving forward. My lease is expiring soon, and I am seriously questioning whether I want to continue or not. The area I am in is declining. All the businesses around there are slow. I've thought about moving the business, but I just don't know if I have the energy left to do that.
On the otherhand, I don't know what I'll do next if I do close. It's kind of a scary place to be.
When I did my business plan 4 years ago, I didn't develop an "exit strategy" in the event that the business didn't last forever (big mistake). Now I am sort of at a loss as to how to proceed.
Does anyone have any thoughts on this?
Thanks, RF