Why closing your business doesn't always constitute a failure

12/5/2011 | Entrepreneurial Mind, The

Before accepting outside funding for your business, determine whether your company will be able to handle the costs associated with the financing. Then consider whether you personally can handle the consequences of taking the funding such as possible limitations on your ability to make decisions. If you don't think you can live with the changes that would come with outside investment, shutting down or selling your business shouldn't be considered a failure.

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Entrepreneurial Mind, The

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