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This article discusses a topic that every businessowner hopes to never consider, but many have been orwill be faced with in the future.FALURE! Nobody wants to think about the unthinkable.However, if many failed business owners would havegiven this subject more thought and research, it mayhave saved them thousands, tens of thousands, evenhundreds of thousands of dollars.Running a business is quite like growing vegetables.You must know when to plant, when to water, when topick and when, if needed, to "burn it all down andstart anew". A failed attempt at anything is not apleasant thought. For many an entrepreneur there willcome a time when you simply need to stop, recap yourmistakes, refocus your energies, call it quits and ifyou still have the heart for it, start over. Startingover may mean rebuilding your present business orclosing those doors for good.This doesn't mean you should give up at the drop of adime. This article is for those of you who have doneeverything you can and it just isn't enough. It's timefor you to take a good, hard look at your business.Take an inventory of your past efforts andaccomplishments.Here are the top "signs" to look for: * Are you spending more than you are taking in? * Have you drained savings to stay afloat? * Are you up to your neck in debt already? * Surviving with Credit Cards? * Losing money and considering a loan to bail you out? * Running out of friends and favors to call on? * Productivity dropping? * Find yourself disinterested in your business? * Anxiety attacks worrying about your business? * Suffering family life? * Loss of Confidence?These are questions that you must answer honestlywithin yourself. Most know deep inside whether it'stime to quit or buckle down. You must decide foryourself. Consider this; 8 out of 10 small business inthe US will fail within two years. There is nofinancial value or moral obligation to continuing alosing enterprise. Sometimes you just need to startagain.Dealing with the failure of any kind is an often-difficult task. Coming to term with the loss of abusiness can be psychologically devastating to many.Because of this some will simply assume that becausetheir business failed, they are somehow inferior and donot possess the intelligence needed or simply are not"cut out" to operate a successful business. This couldnot be further from the truth in the majority of cases.Most simply acted on poor judgement or lacked the toolsneeded to succeed.I have yet to meet a successful business owner who hasnot failed before. What's the difference between themand the Owner-turned-9-to-5? They didn't let onesetback cripple their hunger for success. Don't you!
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