When There’s Nothing Left to Do But Sell

by SixFigureStart | November 11, 2009

  • My Vault
Quen Ton, owner of a manicure shop White Daisy Nail Spa in San Francisco, Calif., took advantage of lowered rent prices during the recession to start the business after working for years in others’ shops. Even so, she has found the process of growing her business very challenging, is operating at a loss and surviving on her husband’s income. If business does not pick up by the holidays, she will have to sell.

So as a small business owner, how can you know when it’s time to sell? Well, here are a few signs: being too far behind in expenses to catch up; facing competitors that are way too far ahead of you in the marketplace; insurmountable conflicts between you and a business partner or business partners; the inability to manage unexpected business growth. [Read more]

--Posted by Julia Rogers, RecessionWire.com

Video: The Recession Took My Escalade and Stripper Money
Recession Briefing 11.11: The Past and the Present that Bite You
Screwed: 5,000 at Lloyds

Close button

Get tips on interviewing, networking, resumes, and more directly to your inbox.

No Thanks

Get Our Career Newsletter

Interview, resume and job search tips emailed directly to you.