- March 21, 2011
- Posted by: Paul Foster
- Categories: Ending a small business, Grow a Business, Small business problems
Are you like the frog in the pot of boiling water?
It is a known scientific fact that if you take a pot of water and bring it to a boil and then take a frog and drop it in – guess what happens? It jumps right out. Surprised? I didn’t think so. It is another known scientific fact that if you take a frog and put it in a pot of water at room temperature, it will stay in the pot. If you gradually heat the water to boiling, the poor frog will stay in the pot until he’s cooked!
What does this have to do with your small business?
Let’s compare starting a business to putting the frog into the room temperature water. What were your expectations? How much were you working? How much fun was it? What was the stress level?
Now think of your business today – What is the temperature of the water? What is the level of debt, the profitability, the stress factor, the hours and the quality of life you have?
The tough question to ask yourself is:
Based on today’s current facts and situation, would you start this business today? If not, then why would you continue it tomorrow?
This advice may not be important for many whose businesses are thriving successfully via good fortune and solid business management practices. For those that may be having small business problems, the awareness that you’re in hot water will help you make a decision before the water gets to a boil.
It is not an easy decision to leave your business but “sometimes you gotta call the baby ugly” and make a change for your health, your future, and your life!
A final positive thought
The day it’s all done will be a sad day, but the next morning the sun will come up and you’ll feel better than you have in years. You’ll be surprised at the opportunities that will come your way. You also have the benefit of keeping the accumulated knowledge of all your business experiences plus a strong appreciation for life on the other side.