Tuesday, January 10, 2006

How to know when it's time to quit

The Business Opportunities Weblog has posted this set of guidelines that help you know when it is time to quit:

  • None of your closest friends or relatives has invested a dime — or even expressed any interest
  • The total amount you’ve been able to raise is less than $25,000
  • No one wants to join you in your madness and work for free (or stock)
  • No customer has been persuaded to buy your product or service
  • Your intellectual property attorney said there was nothing worth patenting
  • The last investor you presented your idea to asked if you were joking
  • You’ve been doing this for more than three years and still can’t support yourself or the company hasn’t hit break-even

Common sense stuff, but nice to see in an easily digestible bulleted list.


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