By Piers Ede There’s often a very thin line between a company that is failing and one that is simply experiencing a temporary cash-flow shortage or a seasonal decline in sales. Businesses do not fail overnight. Instead, in many cases, there is a gradual and almost imperceptible decline that business owners might miss, particularly when […]
Failures happen all the time in business. Maybe you poured a lot of time and money into creating a new product that nobody responded well to. Or, you might have run out of cash right before it was time to pay your bills. Setbacks don’t always mean it’s time to close shop or file for
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According to Bill Gross, the founder of Idealab, there’s one factor that successful startups have all seem to have in common. “I tried to look at what factors actually accounted the most for success and failure across all of these companies, and the results really surprised me,” he said in his 2015 Ted Talk. “The
What’s your biggest fear? Public speaking? Spiders? Failure? I’d wager failure is pretty high up on the list. Especially if you’re a small business owner. As you know, it’s great to be able to run your own business. But there are responsibilities that go with the freedom. Screw up badly enough, for long enough, and your business will
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