Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

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
Kitchen Arts & Letters
New York

Reader Comments

Cathy Davis, RMT

August 25, 2005 3:09 PM

Perfect counsel...

Post a comment



Want to improve the way you run your business? Entrepreneurs, academics, and consultants from diverse industries offer practical advice on a variety of topics each business day.

To submit a tip for consideration, first check our archive of previous tips to make sure you're not repeating a tip someone has already contributed. Then send the tip to Small Business channel contributor Michelle Dammon Loyalka. Because of the volume of material she receives, she may not respond to each individual.

BW Mall - Sponsored Links

Buy a link now!