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Foundations of Business - Standalo...

4th Edition
William M. Pride + 2 others
ISBN: 9781285193946

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BuyFindarrow_forward

Foundations of Business - Standalo...

4th Edition
William M. Pride + 2 others
ISBN: 9781285193946
Textbook Problem

Most people who start small businesses are aware of the high failure rate and the reasons for it. Why, then, do some take no steps to protect their firms from failure? What steps should they take?

Summary Introduction

To determine: The steps to take in order to protect from business failure.

Introduction: A small business administration is an autonomous organization of the United States government that secures the interests of independent or small business ventures and guarantees that they get a decent amount of government contracts.

Explanation

The steps to take in order to protect from business failure are as follows:

  • Comprise adequate capital not simply to begin the business but rather to prop it up amid the constructing period.
  • Get recommendations on administration abilities from experienced individuals in business.
  • Wait to extend until the point that they have adequate capital and experience...

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