5 signs that you might want to rethink your entrepreneurial project

By Amine Rahal, entrepreneur and writer. Amine is the CEO of IronMonk, a digital marketing agency specializing in SEO.< /em >

When we start an entrepreneurial project, we naturally feel a great abundance of energy, that adrenaline rush that starts as soon as we wake up and gets us up and ready to roll in an instant.

But what if we suddenly feel detached from our business plan? When we started, we were in love with the idea of ​​turning our dream into reality, and having it materialize in the form of success and wealth. It moved us forward, made us make important changes in our lives, and compelled us to work on it every day.

I've had my ups and downs myself as an entrepreneur, and I've had to abandon some of my projects over the years. Simply put, not every business venture is a million dollar idea. Here are my top signs that you might want to quit.

1. Your growth has faltered.

When you're launching a startup, growth is fundamental to keeping your business afloat and giving you belief and belief that it's working and going somewhere. When growth starts to falter, you need to rethink some things to see if you can get this important factor back on track.

You may need to rethink the product or services you are marketing. You may be able to make some adjustments to improve the product. Or maybe you need to research new channels to direct your marketing campaigns.

If the above didn't work, you may need to reassess what your best and most successful product should look like. It may not be a drastic change in product or service, but you may need to make changes, even at the cost of additional expense.

2. The needs of your customers are different.

You should ask this question periodically, even when sales are good. There may be another market for a product you're missing, especially something related. When I co-founded my precious metals company IRA, we quickly realized that cryptocurrencies were going to be a big thing for investors.

We asked ourselves, "What are the current needs of our investors that we are not meeting?" If we hadn't, we would have completely missed this opportunity or we would have jumped on the bandwagon too late.

3. You need full time help.

Depending on whether you are still in the early stages of your startup or if you are in a more developed stage, this can mean different things to you. For early stage startups, you are going to have to outsource some tasks. Admittedly, it costs you money that you may not have in abundance, but it will also save you time.

Outsourcing saves you time to get the job done but also saves you the time you would need to learn the skills needed for the tasks. Getting the help you need is fundamental at every stage of your business.

Sometimes full time helps pay more than you think. For entrepreneurs in later stages of their business, full-time help may be something you need to do more administrative and mechanical work. Free yourself for the imaginative appearance; it's the ideas that make money.

4. You suddenly look at other projects.

This is an important message that you need to listen to. Do you find yourself too lazy to get up in the morning? When you are completely in love with your project, the energy you release as soon as you open your eyes is incredible. If you lose it, your heart tells you something.

Are you disinterested in the actions you need to take to make your project a success? Some jobs may be tedious or meaningless, but when you have your goal in mind, you do it with a light heart. These and other signs may cause you to start looking at other projects.

Don't resist too much. If the path you've taken isn't the right one, it's less costly and time-consuming to change paths as soon as you realize it.

In 2009, I moved to China to provide digital marketing services to Chinese companies looking to expand into the United States. I stayed there for just over a year when I realized it wasn't for me. In fact, I was looking at other projects. That's how IronMonk was born, and I haven't regretted it since.

5. You regret the sacrifices made for your startup.

Having resentment for the choices you've made can be a good thing or a bad thing. Evil is...