TCF911: 8 Signs of a Sick Business

There are many things you have to get right as a business owner, and the number one thing is running a healthy business. Tom shares the top warning signs that your business may be sick and in need of some TLC. He wants you to pay attention to these signs, examine them in your business, and implement the necessary changes to keep your business fighting fit.

Episode Highlights:

[00:00] – Intro
[01:13] – Run a healthy business
[01:40] – 8 signs of a sick and dying business
[02:42] – #Sign1: Lack of cash flow
[03:56] – #Sign2: Not paying yourself fairly
[06:10] – #Sgn 3: Low pre-tax profit
[07:20] – #Sign 4: Borrowing money to survive
[09:14] – #Sign 5: Low-quality or inconsistent leads
[10:56] – #Sign 6: Busy but broke
[12:40] – #Sign 7: Outdated books
[14:34] – #Sign 8: Irregular meetings
[15:48] – Closing remarks

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