How to recognize when it's time to throw in the towel

02/21/2012 | CNNMoney/Fortune

There are some advantages to recognizing that your company is failing before it goes bankrupt, writes Marc Randolph. Seeing the writing on the wall can allow you to protect your reputation and better position your company for sale. "It allows you to keep your existing customers happy, allows you to keep your current team together, and allows you to show potential acquirers a more accurate picture of exactly what they are getting," he writes.

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