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DQ News: When to Say No Thanks to New Opportunities

A reader wrote:

Hi Dane. I just posted up a new article that I thought might be of interest to you, given your site’s focus on new business opportunities. It highlights a few pitfalls that business owners commonly face when they start branching out.

What kinds of opportunities should you turn down? Good question. The article, by Gateway CFO Solutions has some answers. They include:

• The one that leads you too far astray from your core business.
• The one for which you haven’t accurately assessed the entire potential financial downside.
• The large new customer that will represent a huge concentration for your business.

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Your Biz Is Not Your Hobby: Why Many Small Businesses Fail

A reader wrote: What business should I start? I have lots of hobbies and am sure I can find something, but how do I narrow it down to one that I will really love to do day in and day out. Many people start businesses because they enjoy doing something a r

Accounting Knockout: QuickBooks vs Peachtree

A reader wrote: I want to send a quick note. I recently wrote an article comparing the newest version of Quickbooks to Sage’s Peachtree accounting software, primarily aimed at small business owners. I thought it would be a good resource for the blog

Help! I Have Too Many Business Ideas!

A reader asked: I have so many ideas for businesses that I don’t really know which one to start first? Everytime I start something, I get distracted by a new business idea. Help! What do I do? If your answer to the question “What kind of busin