One Contract Business...Yes or No?

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. 

The financial model of your business is one area that can increase the risk of your business. 

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. 

You can see one contract businesses with 

• Nonprofit grants

• Consulting

• Sole proprietors 

• Wholesale products

In this episode, I will discuss…

• The financial risk profile of one contract businesses

• How to reduce your risk profile

• The best way to never have $0 revenue projections in your business

• What to consider to keep your operation small when diversifying client base