Continue for a defined period
Write down the cash and time this would require, the evidence you expect to gain, and the date on which you would reconsider. Past investment alone does not establish that continuing is best.
Business decision guide
When to close a business: compare the next choices
If you are asking “Should I close my business?”, start with the choices you can still make: continue for a defined period, change direction, sell, or close. There is no universal date or score that can make this decision for you.
This page is a self-guided decision outline. HexMind’s interactive analysis is currently a private workbench and is not available on this public site. No answer or payment is generated here.
Compare what changes from today
Change direction
Specify which offer, customer group or cost commitment would change. Identify what can be tested before making a larger commitment.
Explore a sale
Separate your decision to seek a buyer from any assumed sale price or timing. A possible sale is not cash you can rely on until its terms are real.
Close
List remaining obligations to customers, staff, lenders and partners. The decision to stop operating is distinct from the legal, tax and employment steps needed to close.
What information could change your decision?
For each option, note the cash and time it needs, commitments you cannot simply walk away from, who must agree, and the next piece of evidence that would make you choose differently. Mark any figure you have not checked as an assumption.
If closure is becoming likely, use the guidance for your jurisdiction and speak with qualified legal and accounting advisers about the actual procedure. The U.S. Small Business Administration’s close or sell guide explains why dissolution, employment and financial obligations require separate attention.
How HexMind would use this question
Describe the decision
State the options, deadline, constraints and losses you cannot accept. Leave confidential details out of this public page.
Clarify and compare
In the private workbench, answer questions about missing facts, then inspect any relevant source-backed historical comparisons. A missing comparison stays a gap.
Check the sources
Read the cited passages and limits before using a conditional analysis. Historical outcomes do not predict your business result.
A useful distinction
“Should I close?” is different from “How do I close?”
The first asks which option fits your current facts and constraints. The second asks for legal and administrative actions that vary by place and business structure. This guide supports the first question; it does not perform the second.