100-150 words with documents.
I need help with a Economics question. All explanations and answers will be used to help me learn.
Your response must include your one personal experience!!!
Following material and questions are based on topics covered in chapter 11 of Hubbard’s textbook.
When Is the Best Time to Quit?
Entrepreneurs are, by nature, stubborn. The late Dave Thomas, founder of Wendy’s Old Fashioned Hamburgers, often recounted how many of his friends and advisors recommended that he not start Wendy’s because the United States already had plenty of fast-food restaurants. Many new businesses fail, and knowing when to get out of a business can be as important as when to keep going. Let’s say that you begin a software design business after graduating from college. Your first year accounting profit is $25,000.
Q. Should you continue in the business or should you leave?