As a business owner, much of your value comes from your intellectual property. Perhaps you have patents that protect a product that no one else is making. Perhaps you have a well-known brand that draws consumers in.
3 potential losses tied to intellectual property theft
Underestimating workloads and deadlines can lead to bankruptcy
Many things can lead to bankruptcy for a small business, from the introduction of new competition in the same space to a general downturn in the market because of outside influences. For instance, tourism-related businesses took a hit during the recession, not because they did not offer good products, but because other people did not have enough money to be tourists.
