Warren Buffett’s Tip for Small Business Survival

Running a small business is a risky venture. Many are not equipped to deal with a downturn in the economy. Warren Buffett advises small businesses who want to last to focus on long term profit rather than short term gains while the economy is doing well. Focus on building relationships and good business practices and when scarcity comes you will be prepared. You can read more about this and examples of how focusing on long term versus short term can affect a business at…

https://www.inc.com/chuck-blakeman/warren-buffet-reveals-what-youre-doing-that.html