Clear signs your business is in distress
| February 4, 2008 |  View for printing |
Small business owners should plan for failure as much as success, experts say.
"People don't do it because they are paranoid. They think if they plan for failure it will be a self-fulfilling prophecy," says Robert Warren, director of the Asper Centre for Entrepreneurship at the University of Manitoba. "But you should plan for everything that could go wrong."
With more than 70% of small businesses ceasing to exist within the first five years of operations, entrepreneurs can do a number of things at the outset to minimize financial loss down the road.
Selena Hinds, Financial Post
Full Story: http://www.financialpost.com/small_b ... l?id=280426
No reader comments so far. Be the first to comment by clicking the button below.
Reprinted under the Fair Use doctrine of international copyright law. Full copyright retained by the original publication. In accordance with Title 17 U.S.C. Section 107, this material is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes.
