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The $100 MBA Show

MBA2115 Q&A Wednesday: I feel trapped in my business. How do I get out?

The $100 MBA Show

Omar Zenhom

Careers, Entrepreneurship, Business, Marketing

4.91.2K Ratings

🗓️ 17 August 2022

⏱️ 16 minutes

🧾️ Download transcript

Summary

It’s a depressing scenario: you built a business. You’re not happy with it. And you’re stuck exactly where you are…forever?

Transcript

Click on a timestamp to play from that location

0:00.0

Heyo! Welcome to the $100 R.A. Show the place to be to Get Better at Business every single day with our daily 10 minute business lessons for the real world

0:18.0

I'm your host your coach your teacher Omar's in home I'm also the co-founder of Wvenor Ninja and In a

0:23.9

Minute Software Company I started my co-founder back in 2014. In today's

0:27.8

episode is Q&A Wednesday. On Q&A Wednesdays we answer a question

0:31.0

from one of you one of our listeners.

0:32.8

If you got a question you want to ask, go ahead and email me over at omar at 100MBA.net.

0:39.6

Today's question is from Mandy and Mandy asks, omar, I got a really tough situation on my hands.

0:45.0

I've hesitated to email you about this,

0:48.0

but I've gone to a point where I need a solution.

0:51.0

I feel stuck in my business. I've been running my business for over a decade.

0:55.0

I've had some success but it's not a wildly successful business. I need to get

0:59.9

out of this business because I'm just not enjoying it. It's taking so much of my time and

1:04.8

costing me so much money to run. This is why I feel stuck because I can't sell the

1:10.2

business easily. It's not easy for me just to close my doors and

1:13.8

disappoint my customers. I just feel like I got to keep on doing what I've been

1:17.8

doing for the last 10 years and that makes me feel depressed.

1:21.3

I would love any advice you can offer. Thanks Mandy. I want to start

1:25.2

by saying that Mandy's situation is not uncommon. A lot of entrepreneurs go through this.

1:30.1

I've gone through this situation more than once creating and running a business is like taking care of a human being a person and you feel responsible

1:40.3

You feel like you just can't neglect it there There's so much emotion attached to the business, to the responsibility of the business.

1:47.0

And if you're having a hard time selling, it's even worse because no one wants to feel desperate and sell their business pennies on the dollar.

1:53.0

At the same time, walking away would be very hard just to close down the business,

...

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