Notice I have only mentioned fact that it is "probably time to quit". No one but actual business owner can sufficiently measure when a business should be declared a failure and when they, business owner, should walk away.

Let's face it, even older businesses can face renewed challenges to their survival. Markets can change drastically sometimes, seemingly overnight. Consumer behavior also can change quickly. Newer businesses can face start-up challenges, but older businesses can encounter significant "bumps in road" to business success as well.

All above factors need to be weighed carefully before deciding either to "quit" or "stay" with home-based business.

There are some methods that can be successful for alleviating some of financial and emotional stress that accompanies a failing business:

1. An outside source of employment can be taken "temporarily", and business can be worked on "part-time" in an entrepreneur's free time.

2. Loans and grants can be taken to alleviate financial strains until business becomes solvent.

3. The entrepreneur can enlist aid of family and friends, by allowing them to "buy into" business, or by forming an LLC (Limited Liability Corporation), wherein business owner is no longer solely responsible for debts or liabilities. Most new business owners start with a Sole Proprietorship model, so switching to more encompassing LLC may indeed aid business in its quest for survival.

4. Business owners can "downsize" their expenditures, both in business, and in their personal lives. Downsizing of expenditures can literally save thousands per month and may indeed "save" business from ruin!

In reality, there is no "shame" in failure. Failure at anything only teaches valuable lessons, lessons that may be incorporated into success at another time! If you're suffering in your home-based business, don't allow pride to stop you from admitting defeat and moving forward in another area of life! That's what being an entrepreneur is really all about.