Avoid being another Vijay Mallya
- Lot can be learned from above Episode
- Understand your balance sheet and do not over-leverage then beyond a point.(I hope you understand leveraging the finance).
- Understand value brand and nature it to be a value creator.
- Stick to your core competency and make your strategy around the same.
- Keep your lenders/suppliers in good humour and develop good repo.
- Only invest long-term funds for other use, means do not withdraw longterm funds from business,and work out longterm plan.
- Stabilize the business and check the parameters on risk profiles regularly.