Rosalind Resnick is a New York-based freelance writer, entrepreneur, investor and author of The Vest Pocket Consultant's Secrets of Small Business Success.
It may be time to stop taking those longstanding relationships for granted.
Maintaining a diverse portfolio helps to insure both you and your investment portfolio will live to fight another day.
Starting a Business
While online stores appear to have the low-cost advantage over brick-and-mortar locations, looks can be deceiving.
If you know your price is right, it's smarter to add a few useful extras than it is to charge less. Added value is worth more than a sale any day.
Unless you have other income streams, yes, you should.
As with any other investment, understand the risks before putting money in the pot.
Entrepreneurs with asset liquidity will be able to get loans in a tough environment.
Make sure your risk tolerance and investment strategy align.
What if an investor wants a role in running the business?
There are alternate places to find the working capital you need.
Think long-term when it comes to refinancing.
You have to build your experience before you can build your budget.
What you need to know about hiring a CFO.