You should conduct an indepth market research on the viability of your business complete with a business plan in order to know how to plug any deficiencies. I would encourage you to subsequently mortgage your asset since the business has the potential to generate much more.
Just don't forget that a business is considered a gamble no matter how you have prepared for it. There is the so called Act of God that man could not prevent. In 2009, there was this great and unexpected flood that inundated Metro Manila. So many vehicles were submerged and you can imagine the mountain of insurance claims. Some insurance companies have definitely closed down because of that although some others tried to escape by declaring the calamity as an Act of God. Now if your business is hit by a calamity then you lose your asset.