142 - Why Most Businesses Fail and What Red Flags to Look Out For with Walter Hill

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 Episode00:00 - Introduction01:42 - Avoiding failure04:56 - Greeting to Walter11:29 - Learn from others14:11 - Eliminating mistakes15:40 - Encourage others17:39 - Basic fundamentals21:08 - Premise of red flag22:42 - Common red flags23:59 - Service of product28:18 - Mistakes even at top34:03 - Don’t overdevelop36:09 - Value and profitability39:22 - The What-If plan45:14 - Relying on one account50:17 - Long payment terms’56:25 - Passing on situations59:26 - Just say “No”1:00:16 - Mentorship1:05:25 - Final thoughtsGet all links, resources and show notes at:https://joshhall.co/142Early access to my new course "Scale Your Way" is open now!!Go to joshhall.co/scale for your special early access offer 🎉Join Web Designer Pro™ before we hit the 250 member cap!https://joshhall.co/pro