Is all or part of your business failing to prosper?

In business, there is time to make some hard decisions about when to cut our losses on a project. Not everything we try, no matter how well conceived, thought out, and executed, will accomplish our goals. We must determine when it is wise to stop pouring more energy and resources into a project that just isn't working out.

Establish a time frame in which to achieve your goals and set a maximum dollar loss you can afford. If you don't, unsuccessful initiatives have a way of continuing on and on and acquiring a life of their own. They become like a friend of mine's definition of his boat: "A hole in the water lined with wood into which I pour money."

He who tills his land will have plenty of bread, but he who pursues vain things lacks sense (Proverbs 12:11).

Scripture: I have come looking for fruit on this fig tree without finding any. Cut it down! Why does it even use
up the ground? (Luke 13:7).

 

 

Outline for developing a business plan