Did you know–in the United States alone–over 65 small businesses fail every hour! That’s about one failure per minute.
How do once thriving companies end up having to close?
It often comes down to how they assess business opportunities . . .
What can you do to avoid business failure?
Action Steps:
- Take an opportunity assessment the next time an expansion opportunity arises.
- Leave a comment to tell us how you assess opportunities in your business.
Principles:
- Business expansion opportunities often include risk.
- An opportunity assessment can ensure that your business doesn’t expand to a point where it’s in danger.
- Having cash reserves keeps your company safe.