Only Spend What You Have

Posted by: Rod Kurtz on August 22, 2005

I think most small businesses fail because they’re overcapitalized. I think it’s the worst myth of small businesses. When I opened this bookstore, I did it on what I could afford. I opened it, subletting an old children’s clothing store that was a fraction of the size it is now. I think businesses ruin themselves by overspending — they have to have the nicest furniture, etc. When I opened, I intended it to be the best it could on the resources I had available.

Nach Waxman
Owner
Kitchen Arts & Letters
New York

Reader Comments

Cathy Davis, RMT

August 25, 2005 3:09 PM

Perfect counsel...

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