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.
- Check your small business website for outdated pandemic changes, missing info - January 31, 2023
- Rural Tourism Trend: electric vehicle chargers can drive visitors - January 15, 2023
- 2023 trends for rural and small town businesses - December 26, 2022
- Local reviews on Google Maps drive enduring value - December 17, 2022
- Extra agritourism revenue from camping, cabins and RVs with HipCamp - December 12, 2022
- Harvest Hosts attract vanlifers and RV tourists, Boondockers Welcome - December 2, 2022
- Holiday 2022 marketing: Tell your founding story - December 1, 2022
- Holiday 2022 Marketing: Tell your customers’ stories - November 30, 2022
- Holiday 2022 Marketing: Introduce your people - November 29, 2022
- Holiday 2022 Marketing: Share your holiday traditions - November 28, 2022