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Entrepreneur

192: Shutting Down: Navigating the Entrepreneurial Journey of Business Closure w/ Netta Dobbins

podcast March 21, 2024


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Entrepreneurship is like a rollercoaster ride with moments of triumph and moments that test our resilience. But what happens when you find yourself at a crossroads where shutting down your business becomes a reality? In this episode we dive  into the often unspoken journey of closing a business with our guest, Netta Dobbins. She recently made the difficult decision to close her business Mimconnect, a digital community of over 15,000 members helping professionals of color navigate their careers in media.

We empathize with the weight of difficult decisions. We understand that as a Black entrepreneur, each step you take is not just a business move but a piece of your heart and soul that builds your legacy. So, when the time comes to consider shutting down your business, we know it’s not just a financial decision—it’s an emotional one too. It’s grappling with the dreams you’ve nurtured, the goals you’ve chased, and the challenges you’ve overcome. We understand the hesitations, the doubts, and the fear of what comes next. But amidst it all, we’re here to walk alongside you, offering support, guidance, and tools as you navigate this chapter of your entrepreneurial journey

DURING THIS EPISODE YOU’LL LEARN:

  • Understanding the importance of acknowledging shifts in goals or missions and how they may impact the trajectory of your business.

  • How to  recognize when the purpose or mission of your business has evolved or reached its conclusion.

  • Strategies to assess the viability and sustainability of your business.

  • How to effectively  navigate the emotional and practical aspects involved in closing a business.

  • Tips and insights for moving forward after closing a business.

  • How to communicate effectively with stakeholders throughout the process of closing a business.

 

To learn more check out the show notes at blacktobusiness.com/192

 

Support: 

 

This episode is sponsored by Harvard Business School Executive Education. 

 

Transformation requires a catalyst. For thousands of business leaders, Harvard Business School Executive Education has been that catalyst. Here, senior leaders join in a transformational learning experience, networking with executives from around the world.

During the day, participants take part in dynamic lectures led by distinguished faculty. In the evening, the learning continues in unique on-campus living groups. And a wide range of virtual leadership programs offer the types of interactivity and connectivity formerly reserved for in-person engagements.

Prepare for the next step in your career. Learn More.

 

Thank you so much for listening! Please support us by simply rating and reviewing our podcast!

 

Got a question? We’d love to answer it in an upcoming Q&A. Simply record your quick question → https://blacktobusiness.com/QA 

 

Connect with us on Instagram: 

https://www.instagram.com/blacktobusiness/ 

 

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