A couple of years ago, we wrote about when it was time to throw in the towel and exit your small business. It’s a reality for many entrepreneurs – no business lasts forever, and many close within a few years.
Of course, here at GoForth Institute, we want to give small business owners all the tools they’ll need to succeed in entrepreneurship, but we also know that the end of a business is a part of every entrepreneurial life cycle.
That’s why we were interested to read an article in Entrepreneur this week, Is it Time to Give In? How to Know for Sure. Here’s an excerpt:
“I really started noticing my judgment became very clouded, and I wasn’t open to people’s ideas,” says the chairman of Camping World and host of CNBC’s The Profit. “I was so caught up in my own world I couldn’t even see new ideas.”
Have a look at the article – we think it’s important for all entrepreneurs to recognize the signs of a small business in crisis, and what can be done about it.