When to Walk Away

Entrepreneurs are renowned for building successful companies even when—or especially when—it seems impossible. Still, there are times when the universe is trying to tell you something. Here are five signs that it could be time to walk away from your business

• Missing financial goals. If you can't meet margin expectations and other metrics early on, start asking yourself serious questions about your company's solvency.

• Insurmountable conflicts with your partners. If you and your head of sales can't see eye to eye, it's unlikely you will have many sales.

• Nobody is willing to invest in you. If you have to take a second mortgage and are personally guaranteeing your loans, it could be time to take the hint.

• Deal fatigue. If you think you can't possibly endure seeking yet another round of financing or making cold calls, you probably shouldn't try.

• Major strategy shifts. It's fine to make changes and retool, but if you're constantly making tectonic shifts, it's not likely you're going to find the right strategy for your company.

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