How to Close Up Shop

Money Rehab with Nicole Lapin

Money News Network

Education, Self-improvement, Business

4.6 • 1.7K Ratings

🗓️ 28 October 2021

⏱️ 7 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Whether it’s a job, a relationship, a partnership, or start-up— it’s always hard to call it quits. No founder wants to make the decision to close up shop, but the truth is, not every business works out. Of course, that fact doesn’t make that hard day any easier. But what might make this process a bit easier, is to understand in simple terms what you have to do in order to shut down your business. Today, Nicole lays it out. Learn more about your ad-choices at https://www.iheartpodcastnetwork.comSee omnystudio.com/listener for privacy information.

Transcript

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0:00.0	Hey guys, are you ready for some money rehab?
0:05.1	Wall Street has been completely upended by an unlikely player. Game stop.
0:08.8	That's a good one.
0:09.8	Ian and should I have a 401k because I don't do it?
0:12.6	No, I know.
0:14.2	What's that?
0:15.2	I don't think the whole world will revolve around you on your money.
0:17.7	What the fuck?
0:18.9	I don't think I'm going to get it.
0:19.9	Charge for wasting our time.
0:22.9	I don't think I'm going to get it.
0:23.9	I will take a check.
0:24.9	I don't think I'm going to get it.
0:27.3	You recognize her from Anchoring on CNN, CNBC, and Bloomberg.
0:31.9	The only financial expert you don't need a dictionary to understand.
0:36.2	The cold lap in.
0:38.0	On money rehab, we've talked about how to monetize passions and turn them into side hustles.
0:43.4	It's a process I went through when I started my own production company.
0:47.0	So it's an experience I know very, very well.
0:49.8	We've covered how to know when your hobby is a good candidate for a jobee, and there
0:54.1	will be many episodes to come all about building a business.
0:58.1	But today we're talking about what to do when your work isn't working.
	...

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