The Entrepreneur Forum | Startups | Entrepreneurship | Starting a Business | Motivation | Success

Best Way to Exit a Failed Business

Remove ads while supporting the Unscripted philosophy...become an INSIDER.


May 13, 2019
I'll keep this short and sweet.

I've been an Amazon FBA seller the past couple years, more recently creating my own brand (with a trademark), and it has fallen off to the waste side. Mainly because I'm in debt with the business and honestly don't have the passion to further pursue FBA.

I'd like to know what my options are for either selling (not sure I can while in debt and no revenue really) the brand, along with my Amazon account, or just completely folding.

Would declaring bankruptcy as a business be an option?

Open to suggestions, opinions, and what my next steps should be.


Don't like ads? Remove them while supporting the forum. Subscribe.

Mike Partee

(Formerly UnrealCreative)
Read Millionaire Fastlane
Summit Attendee
Speedway Pass
Sep 20, 2016
San Juan
What is your past 12 months of profit? Take that number and multiply that by 2.
That's typically what you'll get from a business sale.

Is that number enough to pay off a reasonable portion of the debts?

If your revenue is literally zero, then you can try to firesale your existing assets.

A business sale can happen as fast as you want it to, relatively speaking.
I sold mine in 1.5 months from conception to check-in-the-bank for similar reasons.

Use the search bar and find some threads on exits.
@amp0193 had a great GOLD thread on the topic that's really helped.

Sponsored Offers

  • Sticky
MARKETPLACE Fox Web School "Legend" Group Coaching Program 2020
Hi Fox, After reading your threat and watching some of your youtube I have several query ? 1...
  • Sticky
MARKETPLACE Lex DeVille's - Advanced Freelance Udemy Courses!
If you read the last message then you know I'm removing my courses from Udemy next month. You...
  • Sticky
MARKETPLACE Grow Your Business With a Book (An Unorthodox Marketing Strategy That Built One of the Largest...
PS. what do you think about the idea of setting up live Busking experiences on Air BNB? I could...
  • Sticky
FEATURED! Introducing... WEALTH EXPO$ED, A Short Story By MJ DeMarco
Hi Mj, I just bought it. And reading it. I think is a great idea to write using the stories to...
  • Sticky
MARKETPLACE You Are One Call Away From Living Your Dream Life - LightHouse’s Accountability Program ⚡
Just got off the phone with @LightHouse. Having just a 45 minute conversation with him has...
  • Sticky
MARKETPLACE Kill Bigger Incubator
@Kak Thanks for the reply. Whats interesting is that I have an idea that's been cooking which...

Forum Sponsor


Fastlane Insiders

View the forum AD FREE.
Private, unindexed content
Detailed process/execution threads
Monthly conference calls with doers
Ideas needing execution, more!

Join Fastlane Insiders.

Top Bottom