When do you know when to quit and shut down a business that’s not doing well?

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My answer to When do you know when to quit and shut down a business that's not doing well?

Answer by Ken Larson:

Look for the following:

1. Owner(s) in denial and out of touch

2. Customer dissatisfaction index off the charts

3. Marketing has left the building (and not to market)

4. Low moral and multiple departures

5. Corrective action plan nowhere in sight.

When do you know when to quit and shut down a business that's not doing well?

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About rosecoveredglasses

2 Tours in US Army Vietnam. Retired from 36 Years in the Defense Industrial Complex after working on 25 major weapons systems, many of which are in use today in the Middle East. Volunteer MicroMentor. I specialize in Small, Veteran-owned, Minority-Owned and Woman-Owned Businesses beginning work for the Federal Government. MicroMentor is a non-profit organization offering free assistance to small business in business planning, operations, marketing and other aspects of starting and successfully operating a small enterprise. You can set up a case with me at MicroMentor by going to: http://www.micromentor.org/ key words: "Federal Government Contracting"

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