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.