Warning Signs
Is your business in trouble?
Aug 21, 2002
People who start businesses tend to focus on the bright side ofthings, a quality that helps when things are looking bad. Justdon’t forget to keep your eyes peeled for these signs of adoomed business:
- No business plan.
- No board of advisors.
- Insufficient capital.
- No exit strategy.
- Nothing backing up the hype.
- Personality conflicts.
- All offense, no defense (such as establishing a limitedliability entity, obtaining adequate business insurance and formingcontracts to protect yourself in customer, supplier and vendorrelationships).
Excerpted from Â鶹Éç magazine, August2001
People who start businesses tend to focus on the bright side ofthings, a quality that helps when things are looking bad. Justdon’t forget to keep your eyes peeled for these signs of adoomed business:
- No business plan.
- No board of advisors.
- Insufficient capital.
- No exit strategy.
- Nothing backing up the hype.
- Personality conflicts.
- All offense, no defense (such as establishing a limitedliability entity, obtaining adequate business insurance and formingcontracts to protect yourself in customer, supplier and vendorrelationships).
Excerpted from Â鶹Éç magazine, August2001
