How to Deal with Startup Failure (Reload)
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Re: How to Deal with Startup Failure (Reload)
#2$30 million in sales to bankruptcy in 6 months? That's crazy, I didn't realize that was even possible.
Re: How to Deal with Startup Failure (Reload)
#3$30 million in sales to bankruptcy in 6 months? That's crazy, I didn't realize that was even possible.
If you get over your toes in operating capital it can absolutely happen. Think about a low margin business where most of the money just flows right back in operating costs. You only need a few months of mistakes to be in serious trouble.