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How huge should your losses be before you quit a business?
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[QUOTE="Etini, post: 283877, member: 90141"] Some people say that you should know when to cut your losses so that you won't keep on losing. Well, that is true. It is good to know when something is not going to work and you stop putting in resources of funds, time and energy into it. We call that being sensitive. But my opinion in business is that there is no business that is not destined to work out. It is just that you made mistakes and you didn't do it in the proper way. No matter how huge your failure is in business, if you sit and figure out where the mistake was done, you can always come back stronger and better while achieving success. My verdict? You don't quit in business. You only go back to the drawing board and restrategize, then you come back. As long as you have the conviction that it is the business you want to do, no quitting. Like my fellow Nigerians would say, "We die there". [/QUOTE]
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How huge should your losses be before you quit a business?
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