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Just Say No

10 deals you should never say yes to

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

Artistic, charming and indefatigable, Ken K. turned hisgarage-based into a multimillion-dollar outfit. Butsomewhere along the way, he let a couple of crafty investors bailhim out of a perilous cash crunch. The details didn't seemimportant at the time, but the money was. Hastily, Ken signed onthe dotted line--not realizing he was also giving up control of thecompany.

Inevitably, friction developed. Within months, the investorsfired Ken from the company he had created, throwing him out of hisown office.

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