Yes I admit, that's not the most cheerful title I've ever read either, but many small businesses fail and that outcome prevents many would be entrepreneurs from even trying. So why not investigate what you can do to cut your losses if your small business doesn't make it. It might just be what you need to do to get out there and go for it.

Now, if you're thinking that to go into business you need to be a risk taker, you're probably right. But no one ever said you have to hurt because you tried. Only people who will never try would think like that.

Check out three ways you can reduce your risk and they're Emotional, family & financial. I could say a lot about each one but let's see what we can cover in this article.

To insulate your self esteem if your great idea turns into a small business failure, remember that you are not a failure. Maybe the idea was a little too soon or you just needed a little more business and marketing experience. Maybe the newer, tougher competitors entered the market and probably you make some mistakes and bad decisions. But YOU are not a failure, unless you refuse to learn from a set back until that point, you are simply going through the time honored process of learning

Putting measures in place to protect your family if your business fails is important to plan for. Remember, when you're under stress and feeling frustrated the people closest to you will feel it too, like it or not. When If you're hard on yourself they will be upset. but make sure your family comes first .

Yes, your family time will suffer when you're burning the midnight oil, but you have to understand one Kindergarten music recital, one middle school graduation, and one tenth anniversary. The day that your child is too big for you to pick up will come sooner than you think. If you missed these milestones in your life because you were "at work" failing will cost more. Keep balance in your life.

How to reduce the financial pain is probably the easiest thing for you to control – Don't over spend! If this is your first business - for heavens sake don't invest money you don't have Look at an online business as a great way to amass a wealth of experience without risking an equal ton of money. There are different retailbusiness models where you don't need an inventory exposure. You don't need to spend a fortune marketing your online business because you can learn to do much of the important work yourself. It's a great way to keep a lid on your investment – and your risk- and if you're not willing to stretch yourself enough to learn new skills, you'll never make it. Once you have a little success going for you and have a better feel for what you're doing and how to buy it, you can outsource some of the work, but don't outsource too early in the game.

Starting a small Business is tough. Louise Collins, the author of START UP MISTAKES, learned that all too well. In fact, when she looked back at her first full year running her online business, Louise added up what her mistakes cost her. It came to over $20,000.00.

And that's why she wrote START UP MISTAKES - a look at what NOT to do if you're wondering how to start a small business when you'd rather turn your money into profits - and not lessons.

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