The Demolition Derby Will Destroy a Business, How Do You Avoid it?

3 years ago
40

Suppose you find yourself or your business in a demolition derby, exit immediately. Don't ever hold your ground amid a demolition derby unless you have no exit options.

An example of a demolition derby is the shutdowns we have experienced across the US. Some businesses pivoted, and some have not. Some of those businesses that did not pivot went bankrupt, and others piled on mountains of debt and stress.

Great businesses focus on cash flow, and they create contingency plans for adverse events. Certain companies are better at pivoting than others. The mobility of your business will enable you to pivot. If you have an immobile business and see a storm coming, either sell your business or move it. Don't wait for the storm to hit to move a slow-moving stationary business.

Government and economic conditions change. A responsible business owner stays abreast of the local and national economies. They continually look forward to determining whether or not a pivot is required.

"""Evaluating a Business Requires Effort & Diligence, Buying a Business Requires Patience.""
--Red to Black Podcast

Follow Us & Provide Feedback:
** We invite you to Subscribe to the Channel
Youtube URL - https://www.youtube.com/channel/UCSO7op2alg-Usl03gpl3blg

## Don't Forget to Press the Bell Notification for Future Updates.
@@ Please Comment below with your Questions, Thoughts, Feedback and Any Recommendations for New Content

We Appreciate Your Support and We Thank You for Taking Time out of Your Day to Engage with Our Content.

Contact the Co-Hosts:
Werner Minshall: https://www.linkedin.com/in/werner-minshall
Mario Parzino: https://www.linkedin.com/in/mario-parzino

Stay in Touch:
Website - https://www.redtoblackpodcast.com
Instagram - https://www.instagram.com/redtoblackpodcast

Relevant Videos:

Disclaimer:
We are not financial advisors and do not provide any financial information for investment purposes. All our advice is solely our opinions. When you consume our content you are responsible for how you perceive, judge and evaluate this content. Any decisions you make in the future based on this content is not our responsibility since this content is our opinion.

All content, material, audio, video, branded material and anything else pertaining to this Podcast is solely owned and controlled by Bridger Equity LLC."

Loading comments...