What cautionary tales could you give about anyone / any group on the cusp of GREAT success, but dropping the ball at the last minute & subsequently failing hard?

Never assume your accountant is as on top of things as he says he is. Once a year it doesn’t hurt to ask a second auditor to go over your books independently of the first auditor.

And while you’re at it, ask them to look for any misuse of funds, show you where you are wasting money, etc.

Don’t have a partner in a business venture if you can help it and if you do don’t trust them for a second no matter what. Success will change anyone no matter how deep their convictions and that is where the wheels start to come off the bus.

@snowberry I am taking Accounting for Business Operations right now. Thanks!

Don’t put all your eggs in one basket

“Alone in the clear, Lindsey Jacobellis could have practically crawled to the finish line and won.

After an Olympic-sized flub, she probably wishes she had.

Coasting to what should have been a runaway victory Friday, the 20-year-old American grabbed her board on the second-to-last jump before the finish line. Inexplicably — and some say inexcusably — she fell.” Source

Lesson? Do not assume you have won until the race is over!