Managing Risk in Business, Investment, and Finances 📉

Exploring the reality of business failure, this episode shares insights from a **restaurateur navigating the financial and emotional toll of closing down**. We also look at how investors like **Acumen embrace learning from ventures that don't achieve expected financial or impact goals**, a concept they call "Failing Forward". Learn about **coping with financial stress** and strategies for **handling debt when going out of business** when plans go awry.**References*** Adams, H. (2024, December 11). *How to cut your tax bill with tax-loss harvesting*. Charles Schwab. https://www.schwab.com/learn/story/tax-loss-harvesting* Aaron Allen & Associates. (n.d.). *Restaurant due diligence: What to look for before investing*. Aaron Allen & Associates. https://aaronallen.com/insights/restaurant-due-diligence-before-investing* Acumen. (n.d.). *Acumen's failing forward report*. Acumen Ventures Knowledge Hub.* Claire. (2025, April 18). *Restaurant failure rate statistics: The 2025 data*. MENU TIGER. https://www.menutiger.com/blog/restaurant-failure-rate-statistics* Fun_Cobbler3871. (2024, March 8). *After a failed restaurant: what’s next?* [Online forum post]. Reddit: r/restaurateur. https://www.reddit.com/r/restaurateur/* Hudson, K. (2023, August 21). *Does investing affect your credit scores?* MyScoreIQ. https://www.myscoreiq.com/blog/does-investing-affect-credit-score/* Internal Revenue Service. (2024). *2024 Instructions for Schedule D (Form 1040) - Capital Gains and Losses*. IRS.gov. https://www.irs.gov/pub/irs-prior/i1040sd--en.pdf (Note: While the source mentions IRS.gov/ScheduleD, the direct PDF link for the 2024 instructions is used here for specificity, based on typical IRS publication availability).* Laurence, B. K., & Hayes, A. (2023, January 12). *Negotiating debt settlements when you go out of business*. Nolo. https://www.nolo.com/legal-encyclopedia/negotiating-debt-settlements-when-you-go-out-of-business.html* Robinson, L., & Smith, M. A. (2024, July 31). *Coping with financial stress*. HelpGuide.org. https://www.helpguide.org/articles/stress/coping-with-financial-stress.htm