When Should You Give up if Your Entrepreneurial Efforts Fail?
Failure isn't always a bad thing, but it can feel like a slap when you've been working hard at something for years or decades. But, as an old-time artist once said, you have to know when to hold 'em and fold 'em. These are three signs it's time to give up on your success dream:
Your Business Is in the Negative
Most businesses struggle for the first two years, and they either find their mojo or crumble at the end. It might be time for you to cease your efforts if you've been financially stagnant or struggling past the two-year mark. It means something isn't working. What isn't working might not be your fault, but it still affects your livelihood.
You Keep Getting Railroaded
Business always involves dirty tactics. As such, you might not be fit to run one if you aren't into stepping on toes or using shrewd tactics to get ahead of someone else. Therefore, you might want to rethink your classification if you find yourself getting railroaded and crushed before you get your operation off the ground.
You've Got Nothing Left
It's time to say goodbye if you have nothing left financially or emotionally. The world isn't fair, and you can't expect it to be. All you can do is go somewhere and re-evaluate your options to decide whether you want to keep going or throw in the towel. Accepting failure is much better than wasting your life on something that doesn't work.
It's okay to fold if you find yourself not making any progress in your endeavors. It might be a sign that something different is out there for you. You don't have to give up on your dream, but you might need to modify it. Consider using your other talents, trying something different, and keeping it to yourself next time. Leave your old dream to the others.Job Search Tips