Look to the past to guide your business's future
Entrepreneurs and managers frequently will be confronted with having to make decisions or take actions that could take the company into uncharted, and perhaps perilous, territory. Look to past experiences or perhaps case studies when the time comes to make a tough decision that has many unknowns. "At the very least," says journalist Chris Penttila, "always ponder the worst-case scenario and whether your company could handle it." Entrepreneur (07/2007)