Sometimes, an entrepreneur has to know when to throw in the towel.Nine days before Christmas, Jonathan Rosen of Scarsdale, N.Y., shut down Mobelex Designs, the home-office furniture retailer and wholesaler that he founded eight years earlier. In its early years, his company prospered, but then a combination of global forces knocked him to his knees: the Internet meltdown; the economic slump; a stronger euro, which hurt him as he bought primarily from Spanish and Italian makers; and cheap imports from China.
Not long after, Mr. Rosen did the unthinkable for many in the entrepreneurial world: instead of trying his luck in another business venture, he took a job in corporate America for the security of a weekly paycheck. “Sometimes it’s a smart idea to start a business,” he said, “and sometimes it’s a smart idea to end a business.”
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