Archive for the ‘Perth News’ Category

Closing a business

Friday, November 9th, 2018

Starting a business in Perth WA is difficult, but closing it is even tougher especially when you consider the emotional factor – you think about the effort and time you’ve invested. Closing a business also seems like a broken dream.

However, there comes a time that we really need to throw in the towel. There are various reasons why business owners shut down their doors and close down their shop.

perth news

Closing a business

One of the reasons why businesses close is when the owner does not recognise himself anymore. As a business owner, you obviously want to become a better version of yourself. But, you don’t want to be completely unrecognisable though you may be a little different. So if you’ve noticed that you’ve morphed into someone you don’t know anymore, it’s time to close your business.

Another reason why a business is shut down is when it becomes difficult to handle. If running your business already becomes too stressful for you, it is also another sign that you need to let it go. Perhaps, you lack something or you’ve made wrong decision in the past and the consequences take effect today.

Perhaps, there are only a few things that are more exciting than running a business. But when the thrill and excitement start to fade, that is a sign that you need to close your business. Without the fire and fuel that you need, how would you encourage yourself to push further and make sound decisions?

Of course, who wants to run a business that is no longer making money? If your business is operating but is no longer making money, or at least making money that you expect, close it – this is the most obvious sign that you’ll need.

If you think that you are already experiencing the said signs toward your business, then it is about time to shut it down and follow a different path.

Meanwhile, closing a business is a complex process. If you want to close your business in Western Australia, read this: https://www.smallbusiness.wa.gov.au/business-advice/exiting-business/closing-a-business