If there is any way at all you can play ‘pass the parcel’ with a venture you believe is destined to fail and in which you are a principal, then do not hesitate. Pass the damn parcel and move on to the next opportunity. But how can you know when things are going to fail? You cannot. Nobody has 20/20 future vision. But if you are running the business, you will certainly know much earlier than anyone else, providing you are willing to stare reality in the face, that is, which many executives and entrepreneurs are not.
