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Is Opening a Restaurant Really That Risky? Restaurateurs Weigh In

Fundera

Keep good accounting records and be ready to present them for loans or credit applications. In fact, Stanford researchers who studied small businesses in Texas between 1990 and 2011 concluded that entrepreneurs who failed once in business were more likely to succeed the second time around. The Risk of High Costs.

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Preparing for Section 1071

Abrigo

In 2011, the CFPB interpreted Section 1071 to mean that obligations for financial institutions to collect, maintain, and submit data “do not arise until the [CFPB] issues implementing regulations and those regulations take effect.” So back in 2011, we understood the next logical step. Those implementing regulations were coming.