Not Every Financial Mistake Leads to Bankruptcy
It’s OK to make mistakes. After all, not every financial mistake leads to bankruptcy. Yet the converse is also true. Not every bankruptcy is caused by mistake. Everyone makes mistakes, but only the wise learn from them. You must allow yourself to learn from your mistakes. Unwillingness to admit to a mistake will invariably lead […]
How Bankruptcy Promotes Entrepreneurship
Starting a business takes moxy, guts. Business owners can offset the risk of failure with feasibility planning and hard work. But many businesses fail, and our economy must not doom entrepreneurs to complete ruin. The truth is that failure is an inexorable characteristic of business. In a way, the availability of bankruptcy promotes entrepreneurship. Only one in […]