I enjoy small business articles, especially when it addresses new and growing small businesses. The failure rates are consistently high and small businesses don't have the political power as do large companies or Fortune companies. I'd like to see the nations largest employer - small business - have larger success rates and national political power.
To that end it never ceases to amaze me accounting is rarely if ever mentioned in the top ten of any "rules" for small business growth. After all generation of revenue is the reason for going into business albeit the purpose is to serve or produce. So why are "rules" to success mostly about characteristics of the entrepreneur and least about what makes a business viable? Isn't it both?
And since we are talking about a legal entity, an operation with its own identity, why not also talk about accounting as the veins of any business that channels revenue to its legal heart like veins carry blood to the heart of a human? Isn't it lack of revenue, lack of management of revenue as well as capital that creates failure in small business just as much as does the lack of resourcefulness and ingenuity of an entrepreneur?
Just curious.
Michele FitzGerald
of CT
@
Aug 02, 2009 11:18:35 AM
Continuous Innovation
Interesting that continuous innovation is on the list. Many think few small businesses innovate at all, much less continuously.
I disagree and think most small businesses are natural continuous innovators.
I guess I have to buy the book and read more about this.
Michele FitzGerald of CT @ Aug 02, 2009 11:18:35 AM
steve of CA @ Jul 31, 2009 11:43:09 AM
Muser of NM @ Jul 30, 2009 14:42:59 PM
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