Starting a new Business – the Big Question!
March 9, 2010 at 9:31 am
In my last article I finished on what I always believe to be the big question, that is can you afford to fail?
There are many reasons for asking yourself that question and a quick risk assessment exercise can help you quantify the answer and help alleviate any fears you might have about taking your ideas forward.
In the worst case scenario, our budding entrepreneur decides to give up his job, re-mortgages the house to fund the business, has a wife with young children at home and has no savings. If the business fails he could lose his house and perhaps even his family as the stress of working all hours to try and make ends meet destroys his home life.
