What's the right time to shut down a business

[cherry123]

Do you think there's a time you can shut down a business and just believe it's can't just work out. I think if one keep running at a loss it is time to shut down the business. What do you think?

 

[Edulady]

yeah running at a loss is the main factor. sometimes i believe its best to recalculate your future earning based on the trend. That way you can be able to jump ship before you can actually run on a loss and lose out more.

 

[cherry123]

yeah running at a loss is the main factor. sometimes i believe its best to recalculate your future earning based on the trend. That way you can be able to jump ship before you can actually run on a loss and lose out more.

Business is good calculation if you are seeing a loss that you might not be able to fight instead of Losing more in the future you let it go

 

[Edulady]

Business is good calculation if you are seeing a loss that you might not be able to fight instead of Losing more in the future you let it go

true, but sometimes you will fight tooth and nail and still see the chart going down instead of up. And imagine when you are in a situation where you dont have any other means of aquaring capital, would it be best to jump ship and go back to the drawing board and start something else.

 

[Shavkat]

It's time to close your business if you've been operating for two or three years and still haven't been able to bring in the kind of income you were expecting for.

 

[rubesh]

This is a difficult question to answer since it depends on the individual business and its circumstances. There is no one-size-fits-all answer to this question. Ultimately, it is up to the business owner to determine when the right time to shut down the business is. Factors to consider when making this decision include the business's financial situation, the current market conditions, and the owner's long-term goals.

 

[Imran Noori]

Do you think there's a time you can shut down a business and just believe it's can't just work out. I think if one keep running at a loss it is time to shut down the business. What do you think?

I think when nothing worked then you can shut it down, for example when you changed your strategies and it didn't work.

 

[Starmix]

If it has already a name and became popular better find someone to assume it so customers won't be wondering. The owner may sell it to someone interested.

 

[eldavis]

The right time to short down a business should be when you can no longer think of any way to revive the business. No need forcing yourself. If you have tried everything you can think of you simply let it go.

 

[Hate2Wait]

If you don't see any thing working for you and don't have any hope then better to shut down

 

[Heatman]

Do you think there's a time you can shut down a business and just believe it's can't just work out. I think if one keep running at a loss it is time to shut down the business. What do you think?

As long as it is very clear that the business is no longer capable of meeting the business objectives and goals, it is the right time to shut the business now in my opinion.

 

[Chibson]

there is no point for you to continue running a business you do not have knowledge of. If you don't have knowledge about the business it is better for you to shut it down or sell it to someone who can run it properly.

 

[LoukiaCharilaou]

It is very unpleasant when businesses shut down. The right time to shut down a business is when you do not make a profit from it.

 

[cherry123]

it will be the right time to shut a business down when l it is no longer meeting it's objectives and goals. You should know that it's purpose as been defeated

 

[uptrendfinancialsignal]

The right time to shut down the business is when it is not yielding profit any longer.

 

[Niyi Briggs]

I believe every failing business has something that you can do to it and it kicks back to life. That's the difference between a knowledgeable person in that business and someone who is not.

 

[Bisolami]

Do you think there's a time you can shut down a business and just believe it's can't just work out. I think if one keep running at a loss it is time to shut down the business. What do you think?

The right time to shut down a business is when the business is going bankrupt and you feel like there is no hope for the business anymore

 

[Springtime]

If your business is making a loss continuously for a period of time, say three to four years, and you cannot think of any effective ways to revive it, it's time to close the business.

 

[Bisolami]

If your business is making a loss continuously for a period of time, say three to four years, and you cannot think of any effective ways to revive it, it's time to close the business.

Exactly because there are some times that you do not need to keep pushing the business. It will not work