Did you know that there are several common reasons why many small businesses fail within the first two years of opening? Some of these reasons are a lack of capital, inadequate management experience, faulty business planning and a failure to accurately assess market demand. So before you start your own business, you need to take a look at a few things. What is liability and how much of it are you willing to risk? What’s cash flow? What are some of the ways that you can organize your business to take advantage of capitalization? Do you know how to minimize risk and taxes? Do you want to have a business partner?
For this discussion, please use the key terms from chapters 5,7 and 8 to comment on the statement above. Your grade will be based on your use of the key terms as well as how well your response demonstrates knowledge of the terms and the concepts in the chapters. You are required to post your own discussion points.
