Is it time to shut down your business? Don't ignore these 9 signs Here are a few classic signals that show it's time to close your existing business and start afresh.

By BIZ Experiences India

Opinions expressed by BIZ Experiences contributors are their own.

You're reading BIZ Experiences India, an international franchise of BIZ Experiences Media.

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Tough economic conditions can wither any business permanently. We all would agree that closing down is one of the hardest decisions for any BIZ Experiences to take. It's nerve-wracking and causes huge mental and emotional distress not only to the business owner but to a great extent to his/her family and friends circle.

To avoid any further damage or discomfort, it's equally important for any BIZ Experiences to know the right time to pull the plug and move on. This significantly increases the chances of starting afresh on new ideas or projects. Moreover, it ensures properly winding down of things both legally and financially.

Here are a few classic signals that show it's time to close your existing business and start afresh:

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