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The Entrepreneur / Business Owner's / Self Employed Lounge
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<blockquote data-quote="cosine" data-source="post: 1566681" data-attributes="member: 10363"><p>I think there are three risks that stick out:</p><p></p><p>1. Employee retention</p><p>2. The maintenance contracts</p><p>3. Language</p><p></p><p>Retention can be aided either with retention bonuses, or a percentage of the cash flow as a bonus.</p><p></p><p>If the maintenance contracts are long-term, then a couple of employees quitting would suck, but they wouldn't easily drag the whole business out the door with them, at least not quickly.</p><p></p><p>The last item is language... a number of the names in the employee roster are Mexican. I barely speak 5-10 words of Spanish, and if they are new immigrants or still use Spanish every day at work, then this might not be the right business for me.</p></blockquote><p></p>
[QUOTE="cosine, post: 1566681, member: 10363"] I think there are three risks that stick out: 1. Employee retention 2. The maintenance contracts 3. Language Retention can be aided either with retention bonuses, or a percentage of the cash flow as a bonus. If the maintenance contracts are long-term, then a couple of employees quitting would suck, but they wouldn't easily drag the whole business out the door with them, at least not quickly. The last item is language... a number of the names in the employee roster are Mexican. I barely speak 5-10 words of Spanish, and if they are new immigrants or still use Spanish every day at work, then this might not be the right business for me. [/QUOTE]
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