If the owner is the only guy doing sales and he dies, that’s key-man risk, if there’s one chemist who’s the only guy who knows the formulas or knows how to make the products, that’s key-man risk.

Bill Hennessey

Categorized in : U.S.

They had too many unnecessary expenses, their rent was too much for their sales, they had personal assistants everywhere, vehicles, people paid way over market rate, etc.

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