The right way to kill a startup

Often, there are dreams attached to startups. Entrepreneurs, geeks, and visionaries alike that put their time, money, and effort into a project often find it hard to read the writing on the wall when it’s time to move on to something else. For those who need help coping and taking their failed startup off of life support, here are some tips.

Whether you are driving a car or running a startup, looking ahead is oftentimes more important than looking behind.  When times get tough at a startup – and I mean really tough – it is easy to look backwards and reflect. Unfortunately, if you decide you need to declare your startup a failure, you cannot look backwards. You must continue to look ahead.