I was listening to a podcast where Kelvin O'Neal1 was featured. He said, "If you are not making money after 36months(3 years), you've gotta take a behind the barn and shoot it. It's just a hobby. It's not a business."
According to him, "people can get so stuck on a bad idea that they just keep thinking that if I keep working on it, it's going to fix itself. It doesn't fix itself. It was put on your journey to teach you, what not to do."
- To what extent do you agree or disagree with this assertion ?
It really make sense to stop, but it could be at the early years. Like at second year without getting enough profit is enough to convince you that the business is not working as it should be for whatever reasons, either its in high competition, bad location, products, management, crew or people, etc.