The Big Order You've Dreamed of May Bankrupt You
The big order you’ve been dreaming of could bankrupt you.
Think about it.
You finally get that extremely large order that you’ve been waiting for.
Your team is stoked.
Everyone is celebrating.
But no one is taking into account that your contracts states that you won’t get paid until the services are completed.
And even then, there are steps that need to be taken for payment to even be approved.
This could take another 6, 9 or in some cases 12 months.
Meanwhile, all your cash flow is getting sucked up into that one order.
Then, concerns arise about how you’re going to pay for other contracts.
You begin to stress about covering payroll.
And, before you know it, you’re in a world of financial trouble.
There is a huge lesson to be learned here.
It’s not always about hitting the ball out of the park.
Sometimes a base hit is all you need for the win.
Incremental growth is what you need.
Small victories daily, monthly and quarterly is where it’s at.
That is how you stay in business,
Remember, steady wins the race.