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Clothing Store (Assessing Idea) (Risks: These are the big red flags :red…
Clothing Store (Assessing Idea)
Risks: These are the big red flags :red_flag: , everyone needs to know the potential risks
Money
Nothing to Live Off Of
Not Able To Provide
Bankruptcy
Manage It Well, It Could Be Worth It
Employees
Bad Name
Share Exclusive Info.
Backlash
Could Bring You Down If Not Managed Right
Self-Worth
No Motivation
Fail Once and That's It
Business Vision Gone
Could Be Brought Down If Failure Appears
Family
No Respect
Could End In Lawsuits
Lost Trust
Could Lose Jobs Under Your Watch
Capability: This is essential to starting a business, managing every little thing takes knowledge and capability.
Team
Trust Is Key
If Done Wrong, Could Come Back To Bite
Assembled Correctly
Organization
Perfection
If Done Wrong, Could Mes Up Financially
Organization of Every Little Task
Time
Everyone's Time Is Worth $$$
If Done Wrong, Could Become Wasted Time
Time Management Is Important
Manage
Management Needs To Be Well Thought Out
Control The Peace
If Done Wrong, Lawsuits and Info. Could Be Released
Rewards: Can be good, but can also lead to bad outcomes.
Financial
Everyone Is Happy
Could Lead To Bankruptcy
Worth $$$
Potential Buy Out
Personal Growth
Know The Do's & Dont's
Could Lead To Lack Of Confidence
Knowledge On Business World
Recognition
Could Be Bad Recognition / Slander
Know The Name
Know The Brand
Professional Growth
Trust Is Built
Could Lead To Name Slander
Name Is Well Known