When to quit a business

[flower]

If a business is not making profit, the best thing is to quit so that you will not continue to lose.

 

[eldavis]

This is one thing many people fail to understand, though consistency is great but there should always be a limit as to how far you should go for a business. If you no longer have the needed resources to run the business, this is a clear sign you need to move on, rather than borrowing to fund the business.

 

[nomad]

When your business is making a loss and when your debt is pilling up, it is time to move on. Therefore, get ready to quit your business.

 

[IB D]

I would not subscribe for when to quit a business. I would rather subscribe to when to take a deep breath, re-strategize and come back stronger.

 

[Johnson2468]

If the business is not generating enough revenue to cover expenses and provide a profit, it may be time to consider closing it down

 

[Niyi Briggs]

I believe that at any point the business meses up with your sanity, it is time to quit it for good. You need your mental balance at all times.

 

[Shavkat]

If it is leading to brankruptcy, then it is time to stop the business. It will be a great loss if the owner will still continue it.