Is it time to close your doors?

Let’s face it. No one wants to fail. But statistics show that most businesses close their doors within 5 years.

And now with a weakened economy and high gas & food prices, it’s getting hard to keep any new business afloat.

Are you losing belief in yourself and in your startup? It just might be time to quit. But before you do, you need to take a step back and really think things through to make sure that you have done everything that you can.

But sometimes, it has to happen – even when you’ve tried your best.

And when you do, don’t just put up a closed sign. Think of developing an exit strategy.

This can include notifying your customers prior to closure and checking what financial obligations you have.

And realize here, you are not alone! If you have come to the decision that quitting is the only reasonable option, know that most successful entrepreneurs failed at something in their past.