If business acumen is lacking, then failure is imminent. A gifted chef, for example, opens his restaurant. Despite the expertise in the kitchen, problems arise in the financial operation. The many investors want to be involved in the daily restaurant function. This is an example of too many cooks spoiling the soup and disagreements surface. Functioning as a viable commercial venture is challenged because the business’s direction is not consistent.
A recurring problem is that talent needs the finance, and business partners can be difficult even if they’re family. Goals may not align, and disagreements and frustration will be front and centre.
An example is Rob Feenie. Check out his business dilemma. Indeed his situation validates my above observation; his story is sad but true.