Don’t Be Afraid To Get Out Of A Business

Don’t Be Afraid To Get Out Of A Business

Evaluate, Featured
Several years ago Nick At Nite started producing original programming. While their initial offerings were successful, later shows failed to grab an audience. As a result Nick At Nite recently announced they are getting out of the business of original programming. This is by no means the first incident of a company getting out of a business. American Express started as a delivery service, Western Union no longer sends telegrams and recently Ford announced it would no longer make gas powered cars, focusing instead on trucks, SUVs and electric and hybrid vehicles. Companies drop lines of business all the time. For small businesses the need to drop a line of business can be terrifying but necessary. Every business should evaluate whether a line is profitable enough to continue. That decision…
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