With statistics such as the Small Business Administration's oft-cited prediction that nearly 95% of all businesses will close or fail within five years of their opening, it's a wonder that anyone starts his own company. But such is the nature of the entrepreneur. And when a business owner finds her- or himself at the brink of disaster ó 5, 10, 20, or more years down the line ó it's those innate entrepreneurial skills that help them take charge and turn the business back around. More
Ben Thompson, assistant vice president at Thompson Remodeling, says his Grand Rapids, Mich., market is in an extended down period. As a result, he's had to come up with more creative ways to keep the company in good financial shape. More
