Budget Buster

Asked what would happen if they received an unexpected $10,000 bill, 49% of entrepreneurs said it would be a "very big" or "fairly big" problem, says The Willard & Shullman Group, a Greenwich (Conn.) researcher. Some said it would sink their company altogether. "Very few small businesses do any kind of budgeting," says Fred Waedt, a finance expert at University of Wisconsin at Eau Claire. That's especially true of service firms, he says, which often start with little outside investment and operate for years without a proper budget.

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