The riskiest move in business is ceding control to a third party. Sometimes it works out in the short term, but never without a sword of Damocles hanging over the company and its owner.
Most business owners started their companies, in part, because they wanted to control their own destinies. Otherwise, they might as well work for someone else and avoid the hassles and risks of business ownership. Yet, many HVAC contractors sacrifice control to pursue short-term gains. Ironically, not only is business risk still present, it grows. Here are seven common ways contractors risk their futures by giving control to third parties.