May 7, 2007 -- Significant growth in top-line revenues and big declines in cash flow are the two events with the biggest impact on small-business owners, a recent survey national found.

Other key events included winning a large client account, opening a new location, and acquiring venture capital, according to Warrilow & Co., a Chicago-based consulting firm.

Owners also cited personal illnesses and self-help books as having affected their businesses, the survey found.

"They say life is defined in a matter of moments and it appears small business owners agree," John Warrilow, the firm's founder, said in a statement.

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