What was your business venture’s net profit margin in the previous fiscal year? Was the projected revenue reached? Is cash-flow adequate and are you able to manage your accounts payable? Were you able to buy decent medical and dental insurance? Were you able to deposit $5K or more into your retirement account? Could you afford to take a vacation this year? If the answer to two or more of those questions is no, I respectfully suggest that you evaluate the future of your business or consulting venture.
If paying bills is often a stretch, if you can barely afford even the least costly health insurance, you infrequently (or never) pay into your retirement fund, if sales revenue has been lackluster for most of the past eight quarters, then it’s time to make a change. Your best option may be to not just tweak your business model and engineer a pivot … Read More