The Girl Scouts of America is learning an important business lesson this week, as a couple of pissed-off teenagers are jeopardizing their billion dollar cookie empire. It’s a business lesson worth learning.
By Guest Blogger Marc Brown
Startup is a time of wild optimism. The sky’s the limit and everything seems possible. It’s also a time when entrepreneurs look for cash – borrowing and spending their way through the birth of a new company.
Unfortunately, wild optimism and boundless borrowing are the two key ingredients in a recipe for disaster.
Even today, when everyone says “credit is tight”, borrowing is still the best way to go: rates are low, community lenders are eager to create jobs, and there are a growing number of government programs like the SBA loan guarantees.
After 10 seasons of watching American Idol, the endless Coke commercials and Ryan Seacrest jokes have paid off: I’ve gleaned great business wisdom from watching American Idol.
It doesn’t make for pleasant conversation, but it happens every day…Business owners die.
Is your business making money for you or not?
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