Remember not too long ago when financial institutions were in trouble and Washington and the mainstream media kept telling us they were “too big to fail” – in other words, too important to allowto fail?
I think they got it all wrong. When it comes to small business and the people who own and operate those small business, I firmly believe that they are “too small to fail” – but not because of any government intervention, media hype, or bailout.
The majority of business owners I know are extremely resilient. They know success and they know failure. They know that hard work has its rewards.
They are also stubborn. The idea of failure or defeat does not exist in their vocabulary as evidenced by the fact that if a business owner fails today, but he or she will quickly be up and running in a new business tomorrow – having learned from his or her mistakes and ready to write a new and more successful chapter. Continue reading…