Why a Business Might Fail (but yours won’t!)



Meredith Curtis discusses why a business might fail. She offers straight talk that some people may not like, but she speaks from more than 10 years of experience in running her own small business and backs up her observations with several verses from the Bible.
Three things cause businesses to fail.

Lack of Self-Government

“Like a city whose walls are broken down is a man who lacks self-control” (Proverbs 25:28 NIV).

A business owner without self-control will not be able to run her business effectively. Self-government is simply the ability to run your own life well, control your emotions, manage your time, manage your money, maintain healthy relationships, and follow through with personal plans and goals.Without the ability to manage yourself, you will not be able to manage a business.

Lack of Scheduling

“Teach us to number our days aright, that we may gain a heart of wisdom” (Psalm 90:12 NIV).

Hard work is required to get a business off the ground. Hours and hours of work must be scheduled into your life without taking away from the priorities of family, church, and time with the Lord. If you cannot prioritize and schedule your life, you might let important things in your life and new business fall through the cracks.

Lack of Administrative Abilities

“Let love and faithfulness never leave you; bind them around your neck, write them on the tablet of your heart. Then you will win favor and a good name in the sight of God and man” (Proverbs 3:3-4 NIV).

Bookkeeping, accounting, record keeping, and other administrative tasks have always bored me, but I realize their importance in a successful business. You not only risk trouble with the Internal Revenue Service  (IRS) and other government agencies, but you can find your self in trouble with customers, employees, and vendors if you are not careful.


How about you?  Are you self controlled, in control of your schedule, and able to handle administrative tasks? You may not be perfect in all those areas, but running a micro business can be a great way to learn those skills!

The lessons you learn by running a micro business will help you  later whether you open another, larger business or work for an employer. So, don’t be afraid to start if you lack some of the skills mentioned.

My Micro Business for Teens books will get you started running a micro business and learning important skills while your still a teenager. Just think how much father ahead you’ll be in 5 years!




Carol Topp, CPA is the author of the Micro Business for Teens books.



Micro business workshops in Cincinnati and St Louis


I’ll be speaking about starting a micro business at homeschool conventions on back-to-back weekends,

MBizIdeas2016In Cincinnati at Great Homeschool Conventions Friday April 1, 2016.



StartMicro2016In St Louis at Greater St Louis Home School Expo April 8 and 9, 2016.


I hope to meet several of you there!

Can’t make either location? Listen to one of my podcasts on starting and running a micro business.

Here’s a few podcast episodes

Here is a list of podcast episodes:

Carol Topp

Would the Micro Business for Teens books be helpful for adults?


I was just wondering if this curriculum could be used as a starting point for an adult who is interested in starting a micro business? Also, could the tax information be used as well?

Dear Alicia,

Yes, the Micro Business for Teens books are frequently read by adults. One adult who has owned micro businesses in the past told me she learned something new.


The Money and Taxes book book will be helpful to adults as well. It covers creating important financial statements, cash flow, how to increase your profit, sales tax, hiring and paying workers.

The chapter on taxes applies to adults and teenagers, because the tax code is the same for teenagers and adults, so it should be helpful to you.


Carol Topp, CPA

More on Starting a Micro Business Podcast #55



There’s lots to learn about starting a running a micro business, so join Carol Topp, host of the Dollars and Sense podcast.

In this podcast, Carol shares information on creating a mini business plan and pitfalls to avoid to help you launch successfully.
Carol also took time to answer questions from the audience on taxes.

Listen here

Learn more about starting a running a micro business at MicroBusinessForTeens.com

To learn more about taxes that teenagers might need to pay visit TeensAndTaxes.com

Carol mentions a YouTube video that features 6 teenagers and their micro businesses

Sale on Micro Business for Teens books


In celebration of my 50th podcast episode, I’m offering a sale on my Micro Business for Teens books.


I rarely offer sales on my Micro Business books, so grab your copies today. The sale runs only through the month of September 2015.

(The price will be reflected at checkout through my website)

My 50th podcast episode is 30+ Micro Business Ideas


Listen as I share more than 30 micro business ideas a teenager (or a parent ) can start quickly and easily.

More podcast episodes on starting and running a micro business

All my Micro Business for Teens books

Starting a Micro Business video (an hour long public television program on YouTube)

Podcast episodes for micro business owners



I’m pleased to announce my 50th episode of my podcast, The Dollars and Sense Show will be airing later this week. I’ve been podcasting for 2 years and have gathered quite a collection of podcasts about starting and running a micro business.

To celebrate the 50th podcast episode I’ve put my Micro Business for Teens books on sale. 25% off during the month of September.

Here’s a sampling of podcasts. Click on the title and you can listen to each podcast. All have show notes and many have handouts too.



Here’s a list of all my podcasts related to micro businesses

Here’s the link to all 50 of my podcast episodes.

Don’t Miss an Episode! Subscribe Below:

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Teenagers Can Become Published Authors (Part 2)


Host of the Dollars and Sense podcast, Carol Topp, is joined by teen author Rachel Coker in this presentation where they discuss traditional versus self publishing, building a platform, and how a parent can help get their child published in Part 2. Rachel and Carol answer audience questions about getting published.

Listen here

Listen to Part 1

Here’s a helpful Handout.

Rachel’s website

Teenagers: How You Can Become a Published Author

It is easier than ever to become a published author. Even a child can be published!

Host Carol Topp is joined by teen author Rachel Coker in this pre-recorded presentation.

Listen as Carol and Rachel discusses traditional versus self publishing in Part 1.

Listen here

Here’s a helpful Handout.

Rachel’s website


Entrepreneurship Contest 2015



Institute for Excellence in Writing (IEW) and College Plus are sponsoring an entrepreneurship contest this summer.

Prizes include CASH (!), consultation on marketing, college class in entrepreneurship and a college scholarship.

To participate, students need to do the following:

  1. Create and implement a business plan. (The contest is for new businesses only. The business cannot have been in existence prior to May 2015.)
  2. Include visual aids: product, website if applicable.
  3. Produce a video, 5 minutes or less in length. (See contest details for more information.)
  4. Upload the completed video to YouTube or Vimeo, and send us the link by August 31, 2015.

Entries must be submitted by August 31, 2015. Winners will be announced at the IEW webinar on September 28th, 2015. Students who started a business shortly before the opening of the contest may still apply, but the staff at IEW will review each entry regarding eligibility.

Click here to download complete details of contest.

Have you started your business? Have questions? Need help? See our FAQ page.

Entrepreneurship: The Great Opportunity for Students webinar.



Join me on a webinar tomorrow night (Tues June 9 at 8 pm ET/7 pm CT) discussing: Entrepreneurship: The Great Opportunity for Students.

A panel of entrepreneurs will discuss:

  • 5 steps to turning your ideas into a business
  • The common pitfalls of entrepreneurs
  • 3 reasons every teen should start a business

Register: http://landing.collegeplus.org/entrepreneurship-webinar/

In this webinar, panelists will discuss the prospect of starting a business from the perspective of a student. They’ll share tips and tricks, discuss the common mistakes and barriers when starting a business, and explain how to overcome unexpected challenges.

Sponsored by CollegePlus.


Register here and join me Tuesday night!

Carol Topp, CPA