Tuesday, February 19, 2013

Ten signs your business is doomed

Illustration: John Shakespeare.

Illustration: John Shakespeare.

For a second, suspend the bullish self-belief every entrepreneur needs to get through the day. Weigh up whether your business has much of a future.

Then there are the warnings that America's “fiscal cliff” – a raft of looming tax rises and spending cuts - could have global repercussions.

Scary stuff. Here are 10 nitty gritty warning signs to help you decide if your business is doomed.

1. Products you invest in materialize late

Potential threats that can cause your dream to stall abound.

2. You have an internal ownership crisis

3. You have lost touch with technology

4. Key staff are leaving

5. A key client collapsed

6. Management just got a pay rise

7. Next year's fiscal targets are dramatically up

8. You slashed your charity budget

9. You are reliant on a healthy economy

10. You can't sleep

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