These questions can cause a great deal of anxiety in even the most successful businesspeople, and they should not be taken lightly. When you feel as if you are at a crossroads in your business development and are trying to decide whether to grow the business or just get out of it, ask yourself the following questions from both a financial and an emotional standpoint:
- How much have I invested in this business?
- What do I love about my business?
- What do I hate about my business?
- What will it take for me to continue running this business and/or grow it?
- Am I committed to this business?
In addition to considering the practical and financial aspects of your commitment, take the time to evaluate what you need emotionally as the owner. Most entrepreneurs start their business to get away from "The Boss," but end up treating themselves worse than anyone for whom they have ever worked. Often entrepreneurs work themselves into the ground and, in doing so, lose sight of the reason they started the business and lose all pleasure in conducting it.
Make time for yourself to manage and dream about your business. Make sure you are paying yourself an appropriate salary and taking vacations. When you commit to building your business, you should also commit to ensuring you are making a profit both financially and emotionally.