Twelve Signs Debtors Anonymous

As business owners, we knew we were heading for problems when:

1. We paid invoices prematurely instead of according to agreed-upon terms.
2. Payments were not made within agreed-upon terms.
3. We borrowed from personal funds for business expenses.
4. Financial commitments were made on anticipated sales.
5. We held on to clients who were slow or bad payers.
6. A reasonable and comfortable profit margin was not factored into our pricing.
7. We did not know the exact costs of our overhead and running expenses.
8. We cut our salaries in order to save the business money.
9. We operated without a comprehensive business plan.
10. We started missing DA or BDA meetings and lost contact with our Pressure Relief Groups.