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Cover Story
Untitled Page Published: October 01, 2009




Business advice from Anil Puri, continued ...



If you are an entrepreneur and you haven’t considered every possibility for your business, then you’re asking for trouble. A business education can help you to better understand the consequences of any business decision and develop a stronger ability to read a business environment. In MBA programs, entrepreneurs can learn how to prepare for a business condition – whether it’s the sudden collapse of a local supplier or a sudden surge in sales that will threaten to overwhelm your production capacity.
   
In addition, resources like the Small Business Development Centers, a program operated by the Mihaylo College of Business and Economics, offers free counseling to local entrepreneurs and small business owners, so that they can see different business scenarios and gain insights on key business decisions from the experts. Business owners who are educated on critical thinking and who come prepared with business and contingency plans will have better questions for SBDC business counselors and a firmer grasp of the steps needed to achieve success during tough times.








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