One Contract Business...Yes or No?

JUL 25, 202415 MIN
The Money Itch

One Contract Business...Yes or No?

JUL 25, 202415 MIN

Description

<p>You might’ve heard that there is no right or wrong way to be an entrepreneur; there are only downfalls. Downfalls that often can be described as a risk. </p> <p>The financial model of your business is one area that can increase the risk of your business. </p> <p>One contract businesses are businesses that seek out one contract to produce the revenue. While this can be a great place to start, you may find that the risk profile of this financial model leaves you feeling uneasy. </p> <p>You can see one contract businesses with </p> <ul> <li><p>Nonprofit grants</p> </li> <li><p>Consulting</p> </li> <li><p>Sole proprietors </p> </li> <li><p>Wholesale products</p> </li> </ul> <p>In this episode, I will discuss…</p> <ul> <li><p>The financial risk profile of one contract businesses</p> </li> <li><p>How to reduce your risk profile</p> </li> <li><p>The best way to never have $0 revenue projections in your business</p> </li> <li><p>What to consider to keep your operation small when diversifying client base</p> </li> </ul>