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How to know when it’s time to walk away

Starting a business takes passion – and often a reality check. Here’s how to know when moving on might be the best thing for your business.

You know the saying: If you can’t be a good example, at least serve as a warning to others. Consider this exhibit A for knowing when to walk away.

My friend’s grandfather had dreamt of starting his own company for literally half a century. Ideas that were creative and ahead of their time when he conceived them are now sadly and severely out of date. He’s lost his wife, his home, his career and his financial security to this dream. Yet he still won’t let it go.

Over the years, he’s changed his pitch, his approach and his list of potential contacts, but he still hasn’t raised a dime or sold much of anything. Now in his 70s, he’s still pitching his tired ideas to whoever will listen, all while spending his minimal disposable income on postage and copying costs.

…to read this article in full, visit leading US entrepreneurial resource, Entrepreneur.com

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Entrepreneur Magazine has been inspiring, informing and celebrating entrepreneurs since 1973. Entrepreneur.com offers real solutions to the challenges faced by entrepreneurs, including tips, tools and insider news to help build – and grow – businesses.

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