• How Some Business Growth Could Hurt

    Today I was offered two contracts for one of my businesses. After after doing the math I determined that the contracts were not worth it for me right now, maybe next quarter. The two new contracts would require more cash outlay then I am willing to spend. Currently this business is barley making a profit. In a quarter the cash flow should improve and then I can consider now contracts. After seeing it in black and white on paper it wasn’t so hard to say no.

    In my book, I dedicated a chapter to preparing before growing your business. It is important to grow your small business but make sure it makes dollars and cents.

     

    WANT TO USE THIS IN YOUR BLOG, E-ZINE OR WEBSITE? You can, as long as you include this complete tag with it: Lorne S. Wellington has a BA and MBA. She has been consulting and advising businesses and nonprofit organizations for over 12 years. In addition, she created a nonprofit in 1997 and today she owns Sculpted Silhouette, a lingerie boutique in Los Angeles. Her clients are located in the USA, Italy and South Africa. She has worked with a food manufacturing company, several retailers, an international aid organization, a bed and breakfast and a multi media company.

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