Multi-Unit Franchisee Magazine Issue I, 2012 | Page 68

Finance
By Steve LeFever

Danger Signals?

20 signs your business may be in trouble

I

n business, owners often become
trapped because they don’t heed the
messages their business sends and
don’t pay attention to basic principles.
The following checklist represents a
clear set of danger signals (situations and
issues) that have a clear and negative effect
on cash flow. Take a few minutes under the
harsh, cold light of reality to ask yourself
how many of the following danger signals
exist in your business. Then evaluate carefully their implications.
Perhaps the greatest danger of all 聹