When should You Quit a Business

[Golden9]

Not all businesses succeed, and some may have challenges after many years of being successful. How do you know when to keep on pushing, or that it's time to throw in the towel?

 

[Hate2Wait]

It's a very tough decision and not easy to make but when we see that our business is not doing well and there is no way to revive then we may think about it as there is no other way to keep the business working

 

[Bisolami]

Not all businesses succeed, and some may have challenges after many years of being successful. How do you know when to keep on pushing, or that it's time to throw in the towel?

I think you should quit business when you notice that the business is not going on well and there is no way you can bring it back to life

 

[Shavkat]

You need to quit the business if it is not gaining profit anymore. In fact, if it declares bankruptcy, then that is the end of this business.

 

[Bisolami]

You need to quit the business if it is not gaining profit anymore. In fact, if it declares bankruptcy, then that is the end of this business.

Bankruptcy in the final way that you will know that a business cannot survive anymore because there is no way you can bring back the business to life when it has been bankrupted

 

[uptrendfinancialsignal]

It is recommended to quit a business if you have tried several ways to revive it and it isn't working.

 

[Reedex]

There are lot of effort that you need to put in place to ensure that the business survive but if you are putting up all those efforts and all to no avail, it means you should quit.

 

[eldavis]

I think the best time to quit a business is when you no longer have the needed resources to push the business forward when it is not producing the needed results.

 

[hastral45]

There are no better way to quit a business than when you alone can satisfactorily convinced yourself that you are well grounded to start your own career.

 

[Stardom22]

You need to quit a business when you see the business can no longer pay for its operational costs and suffers lack of money for expansion

 

[Golden9]

You need to quit a business when you see the business can no longer pay for its operational costs and suffers lack of money for expansion

This is it, but some people keep on pushing. I think it's because those people don't calculate what their income is, nor their expenditures. I've heard of a couple who spend all their pension on their farm with no gain.

 

[Magnus2022]

When our business is not moving in the right direction and we have exhausted all possible means to revive it but it have failed woefully. We should consider quitting and find another way to create a living.

 

[puroypoi]

I quit my first formal business, when I found out that expenses are more than the profit and even how much I think and do ways to increase its profitability, I can't achieved profitability.

 

[uptrendfinancialsignal]

It is mandatory to quit the business if the business isn't productive any longer.

 

[Niyi Briggs]

The only reason I would advise you to quit a business is if you were coerced into the business and you are not enjoying the business. Just quit and have peace.

 

[IB D]

If a business continually fails to produce enough yield to sustain itself and you constantly have to use your personal finance to run the business, it would be best you quit the business and close it down.

 

[uptrendfinancialsignal]

If a business continually fails to produce enough yield to sustain itself and you constantly have to use your personal finance to run the business, it would be best you quit the business and close it down.

If a business is it profiting the best thing to do is to quit so that you wouldn't incur more losses.

 

[LoukiaCharilaou]

I think that you must take the hard decision to quit a business when it is not profitable anymore.

 

[Stardom22]

I think you can quit the business of you have tried out all that you can do to salvage the business including changing the location, lowering the prices of items among other hustles.

 

[astutimeliana723]

I will quit the business when my business is no longer running optimally, often experience losses, even though I try in various ways but still fail, then I will close the business and change to another business.