MBA2369 Q&A Wednesday: How long should I keep going before I quit?

The $100 MBA Show

Omar Zenhom

Entrepreneurship, Business, Careers, Marketing

4.8 • 2.2K Ratings

🗓️ 27 September 2023

⏱️ 14 minutes

🔗️ Recording | iTunes | RSS

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Summary

Should you quit your business if it's not working out for you? Should you quit the pursuit of becoming an entrepreneur altogether?

Being an entrepreneur is a career, just like any other career. Sometimes, it's necessary to switch companies or explore different opportunities within the same field. However, quitting the pursuit of entrepreneurship itself is a whole different decision.

Tune in to this episode for a candid and honest discussion about the decision to quit or keep going on your entrepreneurial journey. It's time to get down to business and find the answers you're looking for. Click play.

Transcript

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0:00.0	Heyo! Welcome to the $100 MBA show, powerful business lessons to help you along the journey.
0:15.3	I'm your host, your coach, your teacher Omar at home.
0:18.4	I'm also the co-founder of Webinar Ninja, an independent software company I started back at 2014.
0:23.7	And today's episode is Q&A Wednesday.
0:25.6	On Q&A Wednesdays, we answer a question from one of you, one of our listeners.
0:29.2	If you got a question you want to ask, go ahead and email me over at omar at 100 MBA.net.
0:35.8	Today's question is from Everly and Everly asks,
0:38.5	how long should I keep going before I quit? I'm having a tough time with my business. I've been doing it for about
0:45.9	eight months. I'm losing much of my savings in the process and I'm not sure if
0:50.9	entrepreneurship is right for me.
0:53.1	How long do I need to stick it out before it's time to quit?
0:56.8	Such an important question that Everly asks,
0:59.4	and we're going to answer it in today's episode.
1:01.8	There's actually two parts to this question. The first part
1:04.8	is should you quit the actual business if it's not working out for you if it's not
1:09.0	making you money when should you quit when should you decide to let it go?
1:14.0	And then there's the question of,
1:15.7	should you quit the pursuit of becoming an entrepreneur?
1:19.4	These are two different things.
1:21.0	Entrepreneurship is a career just like any other career and quitting the career is a whole different thing.
1:26.9	Let's get into it. Let's get down to business. Like I mentioned, there's two parts to this.
1:31.6	Should Everley quit her business, the actual business she's running after a certain period of time?
	...

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