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Nika

What determines whether it makes sense to put energy into the business or quit?

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Hard decisions at the start of the week. 🫠 A few years ago, the hard thing for me was "to start". Today, it is "to stop". What makes you stop? (besides bankruptcy and running your funds... hh) What amount of time is needed to know if it makes sense to try to run that business? *God, give me a sign. 😃
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Lol ‘god give me a sign’ To answer you question for me it’s validation. If you’re pushing and you don’t have users or customers and you’ve been going at it for a while, pivot, try changing things a little. And keep doing that. If that doesn’t work then maybe a strong pivot into something else. There are several people who literally went broke before they succeeded. Ed Mylett, Sylvester Stallone to name just 2
Gary Sztajnman
Ask advice to your mentors. That usually helps. Good luck with everything
Gary Sztajnman
@busmark_w_nika I am lucky enough to have great entrepreneurs in my close network. I feel very lucky to get their advices
André J
"It's only when you exit doors, that you can enter new doors"
André J
@busmark_w_nika The original is: "When One Door Closes Another Door Opens" But I like mine better 😂
André J
@busmark_w_nika Always be infiltrating! Ive pretty much gone through my whole life with imposter syndrome 😂
Nic Neon
interest
Lucas Bransbury
In my opinion, after trying all angles, different markets and still little to no bites. However, sometimes people just give up too easily, when all they were doing was selling to the wrong market. You can be surprised to find out, what is the ideal market you should be marketing to.
Lucas Bransbury
@busmark_w_nika It really depends on the goals you had set out before. E.g If you have 0 sales after 6 to 8 months even after trying multiple angles and markets, then time to call it quits because, with no cash flow, it will likely exhaust all your funds hence not able to start a new venture.
Leslie Stinson
Hey Nika, I have definitely encountered this dilemma in the past, although as an IC, not an owner. Looking back, many of the issues came down to lack of culture and meaningful growth. Having your work challenged on a daily basis can really erode your confidence over time. I did go through a brief phase of exploring what else I could pivot to outside of the startup world, especially after experiencing a string of negative environments. Landscaping and gardening sounds lovely, after all! But I'm glad I stayed, because I ended up at an amazing company with caring leaders.
Leslie Stinson
@busmark_w_nika Thankfully just the hustle of a startup, but it's manageable by setting expectations.
Jerryton
Sometimes my mental health forces me to pause for sometime but it won’t allow me to quit.
Jerryton
@busmark_w_nika Exactly 💫
André J
You never know if the tipping point is right around the corner if you quit 😏 # fomo is real
Marianna
The team, flexibility offered
Gurkaran Singh
Hey there tech enthusiasts 🚀! Ah, the eternal startup dilemma - to persevere or to pivot? As someone knee-deep in the startup and agency world, I feel you on this. When it comes to determining whether to pour in more energy or call it quits, it usually boils down to a mix of gut feeling, market feedback, and data analysis. Knowing when to stop can be just as crucial as knowing when to start. Sometimes, it's about recognizing when the effort outweighs the potential gain or when the market demand isn't aligning with your offering. It's like trying to read the Matrix code sometimes! 😄 I'd say give it enough time to gather sufficient data and insights to make an informed decision. Trust me, Gurkaran Singh, there's no one-size-fits-all answer here. But hey, keep tinkering with those circuits and codes because who knows, your next venture might just be the perfect match for your skills and passion. Hang in there, buddy! 🌟#TechLife #StartupStruggles
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