Today’s small businesses exist in a landscape of economics that is new and often unpredictable, forcing out-of-the-box thinking and creativity just to get started, let alone remain stable. Here are three tactics to ensure stability for a new small business venture.
1. Prepare: All too often, entrepreneurs have boundless energy to leap into a venture before thinking through it.
While that may be the great beginnings of an idea, a business owner needs to have a long-term plan too. Take the time to prepare and think through decisions for the stability of the business.
For instance, a business owner should clarify all the reasons and goals for the business, and the best place to start, especially with a small business, is personal. The “why” behind the business, the time frame, and the goals of the business are key to making sure it lasts.



