Apr 13, 2022
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You may scrape your limbs and find Telephone Number List that your ropes are in a tangle. Dealing with surprise-the capsize: business startup version Small business survival rates are notoriously low. Most startups fail and some capsize very quickly. Even good ones can keel over, which is why it is wise to consider downside Telephone Number List risks and have back-up plans. What if the sales do not come in as quickly as hoped, what if it takes longer than expected to get into full production? Having a fall-back position is not to be pessimistic. It is rather to be Telephone Number List prudent. There are very few startups whose Telephone Number List business plans work out to the letter. That is why, when you are learning to sail, it pays to stay near the shore, where getting help is easier than in open water. If you grow too fast, you may get out of your depth. Having a life jacket makes sense; it does not mean you are a greenhorn. Organize a line of credit at the bank Telephone Number List before you need it; if you wait till you are on the verge of capsizing, it will probably be too late. If you sense you are getting into trouble, take early action. Like the sailor who can luff up (point the boat into the wind) to relieve wind pressure while he makes alterations, the entrepreneur Telephone Number List can rein in expenditure and focus on the essentials while he figures out the best course of action.