Quote:
Originally Posted by tinffx
Sometimes the savvy thing to do is quit while you are ahead and look into another venture. Especially if you are already on a downturn.
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closing a profitable business because of future wage challenges isn't savvy. that's giving up without trying. there's absolutely nothing to lose by trying ideas to deal with the wasge increase. putting out those sorts of fires is what being a business owner is all about. starting a profitable venture is exponentially more difficult and risky than trying to work with one that is already profitable and then if you can't figure it out, then close it. well, no, actually, then try and sell it, which is the weirdest part of the silly article in the OP, as if those restaurant owners aren't going to try to sell their profitable operations? they're just going to close up and walk away because of what might have not worked out on the accounting. right.
closing a business that is not profitable due to a downturn is another matter and not a part of the OP article.