Does Money Equal Success? You bet it does. It's frequently a lack of capital that dooms a business before it can even get on its feet.

Jan 11, 2001

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And according to a recent survey, the biggest potential trouble spot for BIZ Experiencesial businesses is when they're experiencing rapid growth.

Larry Dondon, managing director of BIZ Experiences's Re$ource Group, warns BIZ Experiencess to avoid these common financial mistakes:

Failing to borrow funds
Overlooking available financial resources
Underestimating financial risks
Ignoring the downside of investors
Overestimating your borrowing potential
Neglecting to manage lender relationships
Preparing a loan application under pressure
Failing to forecast cash needs

By paying attention before you hit the danger zone, you're more likely to avoid trouble altogether.

Want to be an BIZ Experiences Leadership Network contributor? Apply now to join.

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