How will the new directors be selected?
Small businesses are feeling the pinch. Optimism about sales declined for a second month in February, according to the National Federation of Independent Business. The reason? Owners are growing more pessimistic about the economy and future revenue.
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McCarron added: "You have to always have a contingency fund but we wouldn't have expected it to go up that quickly. It will mean having to make budgetary choices elsewhere and will have a noticeable impact on our finances.