There comes a time when every business owner is forced to figure out how to pay for new machinery and equipment or renovate or repair older models.

Even when money is plentiful, smart business owners are hesitant to tie up so much cash in large-ticket expenditures. Let’s say a construction business owner bought a new excavator by putting a large chunk of the company’s available cash down. Unfortunately, a week later, there’s an accident on a worksite and lawyers get involved—making it that much trickier to absorb legal expenses because cash is tied up in the excavator.

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Running a successful small business is hard work. That’s why so many of them fail.

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While niche industries might not have the same widespread appeal that companies like Amazon and Costco do, they are still supported by dedicated customers who either love what they do (e.g., vegan bakeries or homebrew stores) or are in a pinch and need their services (e.g., local pool cleaning companies or personal injury lawyers based in a specific city).

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A national study indicates that more than half of U.S. professionals are burned out.

For some reason, when discussing employee burnout, people tend to think that small business owners are somehow exempt. Sadly, that couldn’t be further from the truth.

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Over the last several years, Amazon has made no secret of its larger-than-life ambitions.

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