Have you been considering giving up your business lately? 'Should I quit my business?' is a question that tends to come up for many of us small business owners when the going gets tough. In today's episode, I'll be taking a look at why we sometimes think about quitting, and whether or not it really is the right time to do it. This is something that I've talked about a lot on my blog, but never before on the podcast. I realize that this question might be a little hard for some of you to hear, and...
Have you been considering giving up your business lately? 'Should I quit my business?' is a question that tends to come up for many of us small business owners when the going gets tough. In today's episode, I'll be taking a look at why we sometimes think about quitting, and whether or not it really is the right time to do it. This is something that I've talked about a lot on my blog, but never before on the podcast. I realize that this question might be a little hard for some of you to hear, and I don't mean to depress anyone, but running a business really isn't easy and I think that this is one of the things we need to think about, and to talk about openly, more often. Listen in today, to find out more.
Last year I did a podcast episode about a blog post that I wrote a while back, about a typical small cookie company. That was one of the most popular episodes of all of last season. So I've chosen one of the blog posts that I wrote some time ago, about quitting your business, and I'm going to read it to you today. I will be adding in the things that have changed for me, and the things that I feel differently about now, so tune in, to hear what I wrote about whether or not it really is the time to quit your business.
Show Highlights:
I sometimes used to have a little voice in my head late at night, urging me to quit my business.
The idea of relinquishing my business responsibilities was sometimes really appealing to me.
I get a lot of emails from people asking me if they should quit their businesses.
I don't have a secret sauce, and I cannot give you permission to quit.
Our lives and our circumstances are way too complex to simply use happiness as a measure of your success.
Businesses are like relationships. They take time and they take effort.
Why people sometimes think about quitting their businesses.
It's pretty upsetting and scary when the little voice in the night starts talking to you, and it's hard not to listen to it.
Acting like an irresponsible business owner and losing yourself for a while.
How to find an answer to the question 'Should I quit my business?'.
Answering the question with three more questions.
Question one: Am I feeling this way because of a temporary situation, or have I felt this way for a long time?
Question two: Why am I doing this business in the first place?
Close your eyes, look into your heart, and imagine what your life would look like without your business in it.
Some ideas for how to move forward if you decide to stay in your business.
Developing a vision is really important.
Everybody needs business friends.
Fixing temporary situations.
Choosing to walk away is a really brave decision.
Some tips for closing your business.
Give yourself the mental time and the mental space to close your business down with dignity.
You have to have a purpose for staying in your business.
Links and resources:
Michelle's website: www.thebizofbaking.com You can search for the article there. It's called 'Should I quit my business?'
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