Podcast Episode: Should I Quit My Business?

Have you been considering giving up your business lately? ‘Should I quit my business?’ is a question that tends to come up for many of us small business owners when the going gets tough. In today’s episode, I’ll be taking a look at why we sometimes think about quitting, and whether or not it really is the right time to do it. This is something that I’ve talked about a lot on my blog, but never before on the podcast. I realize that this question might be a little hard for some of you to hear, and I don’t mean to depress anyone, but running a business really isn’t easy and I think that this is one of the things we need to think about, and to talk about openly, more often. Listen in today, to find out more.

Last year I did a podcast episode about a blog post that I wrote a while back, about a typical small cookie company. That was one of the most popular episodes of all of last season. So I’ve chosen one of the blog posts that I wrote some time ago, about quitting your business, and I’m going to read it to you today. I will be adding in the things that have changed for me, and the things that I feel differently about now, so tune in, to hear what I wrote about whether or not it really is the time to quit your business.

Show Highlights:

  • I sometimes used to have a little voice in my head late at night, urging me to quit my business.
  • The idea of relinquishing my business responsibilities was sometimes really appealing to me.
  • I get a lot of emails from people asking me if they should quit their businesses.
  • I don’t have a secret sauce, and I cannot give you permission to quit.
  • Our lives and our circumstances are way too complex to simply use happiness as a measure of your success.
  • Businesses are like relationships. They take time and they take effort.
  • Why people sometimes think about quitting their businesses.
  • It’s pretty upsetting and scary when the little voice in the night starts talking to you, and it’s hard not to listen to it.
  • Acting like an irresponsible business owner and losing yourself for a while.
  • How to find an answer to the question ‘Should I quit my business?’.
  • Answering the question with three more questions.
  • Question one: Am I feeling this way because of a temporary situation, or have I felt this way for a long time?
  • Question two: Why am I doing this business in the first place?
  • Close your eyes, look into your heart, and imagine what your life would look like without your business in it.
  • Some ideas for how to move forward if you decide to stay in your business.
  • Developing a vision is really important.
  • Everybody needs business friends.
  • Fixing temporary situations.
  • Choosing to walk away is a really brave decision.
  • Some tips for closing your business.
  • Give yourself the mental time and the mental space to close your business down with dignity.
  • You have to have a purpose for staying in your business.

Links and resources:

Michelle’s website: www.thebizofbaking.com  You can search for the article there. It’s called ‘Should I quit my business?’

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