Insuring your business from failure is a highly daunting task and chances of sustenance keeps shrinking. Your enterprise may have lost the vigour due to black swan events, economic crisis, mismanagement, technology obsolescence, brain drain, capital drain, intense competition, Government regulations and/or other external factors.
Leading a company during the time of crisis without bleeding is a challenge for most entrepreneurs. The moment your enterprise starts seeing decline in sales, revenue, and market share, with meagre or no financial resources at your hand; it is difficult to hold your flock together, retaining your valuable customers, convincing investors on your recovery. A smart player should know when to quit and how to quit if the rally is not feasible.