It’s heart wrenching to see so many small businesses having to close their doors for good. Owning a small business is like having a baby. Sleepless nights, lots of hard work, plenty of trials. But ultimately a sense of pride in watching it grow and develop. So to see it all disappear is a real sense of loss. From what I’ve seen and the people I’ve spoken to, there are three ways small companies are going out of business over this time. Over the years I’ve closed businesses for each of these reasons. The cause is simple and very clear. Lack of revenue. Starve a business of its lifeblood and eventually it’ll die, some quicker than others. But some are particularly vulnerable, like the companies below. The first example business is doing OK before the COVID-19 lockdown, but now the … Read More