Consequences of Overdependence - by Ravi Patel

 

 

The current administration is providing valuable lessons for Entrepreneurs.

 

If you extend a hand for funds or if someone forcibly “helps” you, be very, very leery. You never know what strings will be pulled later to affect your ability to run your business.

 

Current admistration behavior shows that money comes with huge costs – loss of independence and micromanagement.

 

Entrepreneurs seeking funds from lenders or equity sources should carefully evaluate the terms and conditions prior to commitment. More important, prepare and analyze “what if” options in the event of default. Are you willing to live with the consequences?

 

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