GOING OUT OF BUSINESS: WHEN TO THROW IN THE TOWEL ON YOUR BUSINESS

Black Handled Key on Key Hole

“When to shut down.”


closing time

You look around your business and then you find that you are not receiving as much traction as you once did, or the fact that your business has not taken off yet. Now you must ask yourself the question of whether I should close shop. And this is something that a lot of business people find themselves asking on a daily basis. So what are the steps one must take when they realize that the doors must go closed? Well for starters, you need to purchase yourself a lot of cleanex because you will spend a lot of time crying trying to piece together the travesty that has taken place.

accept it

Once you realize that you are facing closures, just deal with it. There is nothing worse than seeing someone that knows they need to close shop holding on. Realize that it is over and close the doors. Because the people who hold on longer than they should waste time and wind up losing more money than they need to. It’s hard for them to look at reality and say to themselves, this is it. But you have to do it before you become even more depressed and destitute.

paperwork

With every stroke of the pen, you are realizing that your baby is going down the drain. And the paperwork you have to fill out makes your heart sink a little each time you sign. It seems as if the paperwork to close the doors took longer than the paperwork needed to open the doors. So finish this an move on to the next steps.

money woes

Here is why you should be quick in trying to get the doors closed. Because the longer you keep that business open, the more money is wasted in the time period. So work on getting that in order. Also, if there is any equity left in the property, that can be used to pay any debts that you may have accrued. Just because the doors are closed don’t mean the bills stop coming. You have to still pay off any outstanding loans that you signed as well.

hand in the keys, on with life

Once the keys have been turned in to the business, on to the next thing or venture. You cannot for any reason stop. Easy to say, but if you stop, then your issues will start to really surmount. So throw in the towel, but realize that so many successful people failed their first attempt. You have to keep going and never give in to the losses.


My Personal Website: www.faheemjackson.squarespace.com

Instagram Me: @theefaheemjackson

Twitter Me: @2320howe

Tumblr Me: @fjackson44

Advertisements

THROWING IN THE TOWEL: KNOWING WHEN TO GIVE UP ON YOUR BUSINESS VENTURE

adult, alone, anxious

“Know when to say when.”


the pursuit

When you are in the pursuit of your business career, you have to understand that everything won’t be for you. Understand that you may not have the tolerance to deal with the constant unknown. Or you might not be good enough to pursue. And in the event you’re not good, or getting good, then make a corporate decision. That decision would have to be to ditch what you are doing and get into something else. But how do you know when to ditch what you are doing? Especially if you don’t have a peer around you that can provide you with the appropriate feedback.

get the feel

How do you know you are becoming a really good cook. Well, you do it over and over and admit when it is good and admit when there are things that need to change. Once that happens, you avoid all the heartache and pain. But getting that feel requires a high level of self understanding. So many people are self congratulatory, and want to think they are more than what they are, so they lose this way. Knowing where you stand, you can understand when you’re comprehending information. Because eventually you’ll get the right feedback, and without taking the steps to understand whether you’re getting good or not, professionals in your field will rip into your work.

don’t force it

Ever try forcing a piece of a puzzle into a space? 100% guarantee you that it’s impossible to do so. Because just give up and realize the inevitable. Once you try forcing you put yourself in a place that is worse than before. And all your work was for nothing. So when you find yourself at that crossroads where you think you are not making the progress you want, then toss in the towel. But make sure you have really tried all the options that you can possibly imagine.

is it a failure

I have out myself on a ten year window to become a good enough writer to break into screenwriting/filmmaking. I have put myself on a three to five for photography. And that is rational considering the amount of competition out there in the world. So know when to give up and move on, but also know when sometimes you don’t give up, it’s just the hardship of your career goals.


My Personal Website: www.faheemjackson.squarespace.com

Instagram Me: @theefaheemjackson

Twitter Me: @2320howe

Tumblr Me: @fjackson44