When to Admit a Startup is a Failure

If you have a startup business, you should realize from the get-go that the long-term survival of your startup is unlikely, statistically speaking. For every startup idea, very few ever get off the ground and even fewer are still around in five years.
Admitting your startup has failed can be difficult to do, especially if you’ve poured your blood, sweat and tears into the company. But here are a few reasons that should make you consider closing up shop and moving on:
No sign of profits in the horizon
If your company is constantly losing money or simply not producing enough money to …read more