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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