7 Warning Signs Your Business is Going the Way of the Titanic & How to Avoid the Rocks

Posted by Adam_Gottlieb under Management
From http://frugalentrepreneur.com 4505 days ago
Made Hot by: Monsieur Eraser on July 7, 2012 12:20 am

This morning I received an email from someone who is trying to save his floundering specialty gift store. As I read through the message, I just kept shaking my head from side to side; I’ve heard this same kind of story countless times.

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Comments

Written by Robert Peters
4503 days ago

Adam

Good list of points. It's always tough when you find a small business owner throwing money into their business to keep it afloat - effectively buying themselves a job rather than building a sustainable business. Equally it's great to be able to help those that realise and reach out for help.

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Written by cendrinemedia
4503 days ago

I think the article applies to every field in every country in the world...

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Written by HeatherStone
4505 days ago

Adam,

I think a lot of small business owners are worriers, so perhaps number 7 is relative. Some entrepreneurs may worry incessantly so first you need to determine whether your worry is justified. I would, however, agree that pouring too much into a business with no clear return and without even being able to cover costs is always a bad sign. Don't ever let anyone tell you different!

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