Small Business Quick Quiz
Question #20
Why is leverage so important in small business?
- a. It helps you lift heavy loads more safely
c. It helps you to work less and earn more
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The answers to the questions are listed here in short form. For more complete discussion of the issues raised, visit the linked resources. Better still, subscribe to Small Business Pro. newsletter.
For a more detailed explanation, see the following Resource Information…
20a. True — but only in a very limited sense, such as occupational health and safety.
20b. True — but only in a very limited sense, too… your tax liability.
20c. You got it! This is the whole shooting match… the one thing that you can never have in a job, so it’s the only valid reason to go into business.
20d. Are you kidding? Better click here for a quick reality check!
20e. True — but only in a limited sense. The right leverage in negotiating with your employees or their unions will enable you to reach a true Win-Win outcome, not a Lose-Lose. (There’s no such thing as a Win-Lose or Lose-Win outcome — they’re counterfeits. They’re nothing but Lose-Lose posing as a Win to sucker you.)
See Resource Information on
The Win-Win Perspective.