There are a number of common characteristics of businesses that minimise the risk of failure. These separate the businesses that fail from those that not only survive but have an opportunity to thrive. While nothing can replace strong and decisive management, the following article describes some additional factors which can help to reduce the risk of business failure: http://www.smartcompany.com.au/finance/how-to-get-your-business-back-from-the-brink-of-failure-or-avoid-getting-there-in-the-first-place/
This article was suggested by our mentor Trevor Payne.