When to shut down your company

Very good article. One of the big mistakes of my career was selling on a very nice bootstrapped startup. Your four questions might have made me think twice. My reason for selling was greener pastures, which of course turned out to be not so green. So a cautionary tale there....

I loved the part where you list other ways of saying shutting down without saying it

When all your income comes from the sales team. Live by sales, die by sales.

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Excellent article

can you share more?

Excellent article. But too much money is never a problem haha.

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When the profitability goes totally down, with less or no scope in future.

I also want to close my business, any suggestions for this?
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Great article. Definitely worth a read for all founders and entrepreneurs

Great article! Thanks for sharing.

Hey,

We asked successful entrepreneurs and coaches how long you should expect to run the startup they just founded. The resounding answer: Plan on an exit after five years. You don't have to https://expertsapk.com/ leave, but keeping a hypothetical sell-by date in mind is a good idea.

As single founder, I grew my startup from ZERO to $175K/Year and then I found my domain name was stolen. A series of unwanted events forced to shut down the company.

Sometimes it's better to keep going. Figma didn't make money and was in shambles for the first 5 years but had a 20 billion exit in year 10.

Awesome article, really makes you think!

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The zombie mode analogy is so real and correctly put, far more harmful than being dead or alive.

The zombie mode analogy is so real and correctly put, far more harmful than being dead or alive.

Nice article on shutting down of business

Unfortunately, while they are quantitative, there’s no deterministic way to know if you’ve actually tried everything in the right way. At some point, you have to make a call based on accumulated evidence.

I guess it has to do with consecutive failures as well. If you've made 10 experiments and they've all failed and no experiment is showing promise, then maybe you should reconsider what you're doing.

Growth is key. But as you say, it's hard to determine whether you've done everything possible to grow. As founders, we can easily convince ourselves to keep trying rather than admit defeat. Making the call based on accumulated evidence really is the best approach.

Great article. You make a good point that there are many businesses just plodding along doing the bare minimum to keep from going under, but it's this stagnant way of operating a business that is a good indicator it's time to shut down.