Closing a business can be just as involved and emotional as opening one. In Closing the Business: When Is It Time to Move On?, Isabel Isidro, PowerHomeBiz, is sharing her personal story as well as some indicators of when it’s time, and important reminders.
Aside from relocating to another place, how do you know that it’s time to move on and close your busines? From what other entrepreneurs tell me, here are some indicators that can let you know that time’s up for the business:
- You have achieved what you set out to do with the business
- The business ceased to be fun for you
- Your resources have been depleted and the business is not making any money
- Cash flow is insufficient and you have exhausted means to improve cash flow
Read the whole article at PowerHomeBiz.
small biz rural entrepreneurship
New to SmallBizSurvival.com? Take the Guided Tour. Like what you see? Subscribe.
- How has 2020 changed the challenges rural small towns face? Tell us here - October 20, 2020
- The Idea Friendly Method to surviving a business crisis - October 6, 2020
- Join me for the Rural Renewal Symposium online Oct 13 - September 26, 2020
- Cheap placemaking idea: instant murals - September 11, 2020
- Refilling the rural business pipeline - July 7, 2020
- Huge vacant buildings: grants to renovate? - June 9, 2020
- Economic self defense for small towns - June 7, 2020
- The best things you can do for local businesses in light of coronavirus - March 27, 2020
- How to get more parking downtown without adding any spaces - March 7, 2020
- Exact Yeti Blue mic volume and Windows settings to reduce background noise - February 17, 2020
