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Just Say No

10 deals you should never say yes to

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This story appears in the November 1996 issue of Entrepreneur. Subscribe »

Artistic, charming and indefatigable, Ken K. turned his garage-based business into a multimillion-dollar outfit. But somewhere along the way, he let a couple of crafty investors bail him out of a perilous cash crunch. The details didn't seem important at the time, but the money was. Hastily, Ken signed on the dotted line--not realizing he was also giving up control of the company.

Inevitably, friction developed. Within months, the investors fired Ken from the company he had created, throwing him out of his own office.

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