Cut Your Losses and Walk Away
One of the lessons that we learned in business school is that sometimes you just need to cut your losses and walk away. Sometimes you need to admit that a business deal is not in your best interest and although you may have invested time and money into it, the best course of action is to walk away. i made that decision this week.
I have spent nearly a year working on my business plan and starting the business but this week has been full of negative surprises and in the end, I did not feel comfortable investing my money or any more time in this business. Luckily I have not put too much money into it. I had to make the decision from my heart AND my head and both came to the same decision; I am not comfortable with this.
So here I am with a registered business that is doing nothing. I have no idea what I am going to do. I know that I want to open my own business but I am at a loss of what to do. I may have to get a job while I figure it out.
Do you have any ideas of what I should do?
I have spent nearly a year working on my business plan and starting the business but this week has been full of negative surprises and in the end, I did not feel comfortable investing my money or any more time in this business. Luckily I have not put too much money into it. I had to make the decision from my heart AND my head and both came to the same decision; I am not comfortable with this.
So here I am with a registered business that is doing nothing. I have no idea what I am going to do. I know that I want to open my own business but I am at a loss of what to do. I may have to get a job while I figure it out.
Do you have any ideas of what I should do?