doesn’t always show up that way in a company’s financials. Grow but not too fast and cut back when you need to, all of these things are key to making your small business make it. You could be the world’s most ingenious hair designer but if you don’t run your business based on principles laid out in this article, you may find yourself in debt. Both my husband and I are small business owners, however our businesses are very different. His company is family run and was started by his grandfather in 1950. When he bought the company he inherited a business model, employees, debt, customers and a history of the company. We also own a franchise business that was a new concept little under a decade ago, a painting class where you can drink. We bought the company because it looked like a fun way to earn a living versus my current career as an accountant. The franchise offered support, suggestions and a business model, but it was up to me to start it and tell our market about our new company.