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While to an outsider it may seem obvious that a proverbial avalanche is about to strike a business, those intimately involved always seem to be the last ones to know. It simply takes them by surprise. This is why it is often the case in SMEs and privately-held companies that entrepreneurs destroy wealth faster than they create it – an avalanche of lost dreams, income, capital, opportunities and shareholder value. Despite this somewhat gloomy perspective, SMEs remain a critical part of the economy and could be more so if we ran our businesses using the methodologies, processes and practices that successful, prosperous and sustainable companies have perfected.


Traversing the Avalanche by Carl Bates, Chapter 15

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