The biggest thing that I see with small businesses that fail that had, you know, gotten to the 10 million or 15 million dollar mark and then they fail anyway. They started spending money to make money. They didn't track their cash flow quick enough or they had a couple bad months and they assumed the business was going to bounce back. And so this is one where I've seen a good example of this business owner, another construction job. They really, really wanted to expand into more general contracting work. (26:12–26:23)
CLAIM
Asserts that failing to track cash flow and assuming recovery can lead to business failure.
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