Recognize potential red flags
The success of your small business depends on making smart deals that expand available resources and enable continued growth. Just as important are the deals you walk away from — thus avoiding costly mistakes that waste time, consume energy, and threaten to derail your success.
Here are six tips for recognizing potential red flags the next time you enter into negotiations with a vendor, contractor, or other service provider.
Note: These tips are applicable to homeowners also when buying a car, or hiring a remodeling contractor, etc. Even though it’s a pain, always read the contract, front and back, before committing to anything.