142 - Why Most Businesses Fail and What Red Flags to Look Out For with Walter Hill - a podcast by Josh Hall

Seasoned entrepreneur and business owner Walter Hill Jr, founder of Icon Blue, shares about why most businesses fail and more importantly, what red flags to look out for and avoid!

In This Episode

00:00 - Introduction
01:42 - Avoiding failure
04:56 - Greeting to Walter
11:29 - Learn from others
14:11 - Eliminating mistakes
15:40 - Encourage others
17:39 - Basic fundamentals
21:08 - Premise of red flag
22:42 - Common red flags
23:59 - Service of product
28:18 - Mistakes even at top
34:03 - Don’t overdevelop
36:09 - Value and profitability
39:22 - The What-If plan
45:14 - Relying on one account
50:17 - Long payment terms’
56:25 - Passing on situations
59:26 - Just say “No”
1:00:16 - Mentorship
1:05:25 - Final thoughts

Get all links, resources and show notes at:

https://joshhall.co/142

Further episodes of Web Design Business with Josh Hall

Further podcasts by Josh Hall

Website of Josh Hall