The Rise and Fall of Businesses

Failure is part of the natural cycle of business. Companies are born, companies die, capitalism moves forward.

-FORTUNE MAGAZINE

Ordinarily, we tend to think of businesses as simply money-making enterprises, but that can be very misleading, in at least two ways. First of all, most businesses go out of business within a very few years after getting started, so it is likely that at least as many businesses are losing money as are making money. More important, from the standpoint of economics, is not what money the business owner hopes to make or whether he succeeds, but how all this affects the use of scarce resources which have alternative uses and therefore how it affects the economic well-being of millions of other people in the society at large.

Managing Your Money At All Ages

Managing Your Money At All Ages

Money management is an art. Sadly, it is becoming a lost art. We are becoming poorer each day just because we cannot manage the resources that we have so painstakingly accumulated. We don’t know how to manage our assets and nurture them to grow.

Get My Free Ebook


Post a comment