Knowing when to quit

For the severalth time in my career I yesterday had cause to terminate a company. This may seem like failure and in a sense probably is. However, who says a company is for life? Usually a company is formed to pursue an opportunity or fulfil a particular purpose. If this objective is achieved, proves unachievable or simply no longer applies; or if the vehicle is no longer fit for purpose, the correct thing to do may be to wind up the business. This can be sad as one looks back over positive elements of the journey – a great team, perhaps or some outstanding achievements – but these should be cause for celebration; and sadness is no reason to cling on. As in many aspects of life, it is important to recognise when it is time to move on. Here’s to the next thing!