A home-based business becomes for business owner, an entity in and of itself. Because so much hard work, blood, sweat and tears goes into every home-based business, it is easy to view it as having a "life" of its own and a home-based business can be more real to business owner than anything else in their lives.However, there is also a dark side to a home-based business, especially one that is failing miserably. Part of being successful within a work-at-home dream also means knowing "when" to quit, or "fold". A home-based business can be like a game of cards, when "losses" exceed "wins", it may be time to give up on business and either start another one, or look into other forms of outside employment.
It has been said, "that most entrepreneurs fail three to five times" before they actually start a business that succeeds. Although it is imperative that entrepreneurs be persistent, not being able to accept failure, when it is obvious that failure has occurred, can be extremely detrimental.
So, how does an entrepreneur "know" when it is time to give up or when they should continue? Simple, amount of actual "suffering" needs to be measured. The following "suffering measurement" should take into account:
1. What type of debt entrepreneur is accruing, and how many bills and necessary needs are being neglected. No one should live without food, clothing, shelter or necessary medical care needed for a gratifying life. If a home-based business is constantly leaving business owner without funds with which to sustain life, then it is probably time to quit.
2. What type of emotional pain is entrepreneur facing? If business has become so stressful because of mounting debt, or entrepreneur's family is turning against them because of business, then it is probably time to quit.
3. If there is a chance of losing a home or other holdings and property because of bills engendered during business, then it is probably time to quit.
4. If frustration of having business and handling day to day operations surrounding business is greater than pleasure of owning business, then it is probably time to quit.