The $100 MBA Show MBA2010 Q&A Wednesday: Is it time to quit my business?
When a long-running business has lost its mojo, should you fight for it? Or is cashing out the smart move?
As always, it depends.
It’s Q&A Wednesday, and one listener is in a pickle. Their decade-old business has done well overall, but over the last year it’s been stuck in a rut. This e-commerce operation has gone from growing to slowing, from expansion to stasis.
Worst of all, it’s just not…motivating anymore.
This listener could sell the business and move on. But is that really the answer in this case? We have a way to find out: a series of thought experiments, a few questions anyone in a similar situation should ask themselves before leaving a business behind.
Hear our advice, what this listener’s options are, and how this situation may present unexpected opportunities. Click Play!
To submit your questions, visit 100mba.net/q.
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