Is It Time to Let Go of Your Business? How to Adapt When Your Product Stagnates

Opinions expressed by Entrepreneur contributors are their own.

Imagine this. You start your company with this great product or service, and for years, you go along, and it is a top seller — until it isn’t.

Sure, there are some products that have been around for what seems to be forever — think Coke, which was invented in 1886. Or how about Stormy Kromer Hats made here in my home state of Michigan. These hats have been popular since 1908. When it comes to large and well-known financial organizations, JPMorgan Chase & Co. is one of the world’s oldest.

There are countless examples of companies, brands and products with a

→ Continue reading at Entrepreneur

More from author

Related posts

Advertisment

Latest posts

What this Boeing strike is really all about | CNN Business

New York CNN  —  At the heart of the Boeing strike that began Friday is a story about what...

Unleash Unshakable Confidence in 7 Days: The Neuroscience-Backed Blueprint

Tackle AI's toughest questions with Ben Angel, mapping the business terrain for 20 years. Master the AI landscape and reach peak productivity and...

NASA prepares to head back to the moon.

Enlarge this image Astronaut Edwin "Buzz" Aldrin Jr. is photographed by...