The Dependency Audit

I ran this audit against my own warehouse lines about twenty years too late. Two billion dollars a year in loans, and none of it sat on money we controlled. I thought we owned those lines because we had earned the terms. We hadn’t. We were borrowing, and I had no way to catch the mistake before it caught me.

This is the version of that audit you can run against your own business, before someone else runs it for you. Seven categories, the same three questions against every item, and a blank line for your answer. Not a feeling. A classification: owned, rented, or borrowed – and how much of the business is actually standing on it.

Finish the walk and you will have a short list of borrowed, load-bearing items ranked by damage. That list is the whole point. It tells you where to start.

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