When to Say When
It's your business. Your dream. Your <i>baby</i>. And it's failing miserably. Is it time to call it quits?
By Sean M. Lyden •
Opinions expressed by Entrepreneur contributors are their own.
Perseverance, tenacity, a never-say-die attitude-these areall traits that drive entrepreneurs, against all odds, to buildmultimillion-dollar companies. But successful entrepreneurs alsoknow when it'stime to get out of a venture-whether to cuttheir losses or make way for better management.
You see, there's a fine line between perseverance andprideful obstinacy. When you fall on the wrong side of that line,you risk paying a huge price in terms of your personal andprofessional relationships, bank account, credit rating andemotional stability.
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