Business isn’t always great. Sometimes it can actually be terrible, and when business is terrible, you need to make some tough choices. Whether it’s having to let go of an employee that’s been faithfully working in your company for years, or closing a location that you didn’t open more than six months ago, or having to shut down an entire department, these decisions will never be easy.
At times, however, it can be encouraging to see how other entrepreneurs have handled their own difficulties. By drawing from their experience, you will be better equipped to deal with potential misfortunes down the road.
Here are eight stories that can help you become better equipped to make difficult decisions.