It was interesting reading a story how a person quit his job initially to pursue an avenue that he was more interested in. He was making a decent income from it where it was literally his full time job. As time went by his business income started to get less due to market factors that was out of his control. This was the interesting part as instead of sticking with it or finding ways to innovate he quickly just decided to close the business and returned to the line of work he used to do years ago.
Depending on how you look at it that can be good or bad. It can be bad in a sense that many times we have so much pride in our business because it is essentially your baby and you don’t want to let it go. Even if that means losing a ton of money. But would that mean you are a quitter that didn’t simply adapt with the times? Then the other perspective was you were smart for getting out and making sure you are still getting a positive flow of money.
I don’t know that I could ever drop something quickly if you are just seeing some dip in the market. Especially if it is something you love to do. I would tend to want to find a solution. Again though, sometimes it can be smart to immediately exit before it gets worst.