Chapter 2:Getting the Teenager off Your Couch
Businesses start off like babies: cute and cuddly. You’d do anything for them. You move heaven and earth to see them thrive. But at some point a business, like a baby, can become a slovenly teenager vegging on your couch eating Doritos and watching MTV all day. Your business and your teenager need boundaries. To help your business grow to adulthood, you want to slowly but surely cut the financial ties. With teenagers the ties are easy to identify, but in business, it can be tricky. Hidden ties exist and might not be uncovered until it’s too late.
In addition to having your business stand on its own two feet, you want to minimize your risk as the business owner. If something were to happen to the business, ...
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