- To what extent do you agree or disagree with this assertion ?
Three years is way too long to just sit idle on a business that is not making a profit. In the first year (12 months), you should even already be counting out the amount of profit your business has generated for that year, unless you are not doing your business in a rented shop; if not, you should know how much profit you have generated for the first year and make your calculations to know if it is worth the shop rent you are paying every year. For instance, if you rent a shop for $1350, in a year you are expecting to make at least X3 of your shop rent because if you can't, then your business will likely fold unless you are not the one paying the shop rent with your money. But if you have a shop rent to pay, then your business should be able to generate the shop rent and your own salary as the CEO; otherwise, you should close down the business. But if you have tried to fix things up in the first or second year and yet it's not working, then you should probably close it.