The dilemma of small businesses: Shrink, hold on, or grow

SMALL businesses are the backbone of any economy and there is no doubt that small businesses are the growth engine of the economy. The idea of being your own boss is very appealing to many people, which is why sometimes they rush into the process of starting a company.

The most common misunderstanding about small businesses is that all entrepreneurs dream of building a business that will one day be world-renowned and worth billions but the process they will take will determine if they will grow, shrink or remain small.

This story is for NewsDay subscribers.