A special thanks to Mike Fafinski President of Syand Corporation (http://www.syand.com/) from Minnesota. Among other things, Mike reminded me of the old question. Would you rather sell $50k at 20% margin or $100k at 10% margin. Sure, you probably would not turn down either sale. However if I had my choice to choose between the two, I would choose the $50k sale.
1. Less cash flow (Cost of money)
2. Should be easier to sell (No sales are easy)
3. Less to maintain
4. Faster transaction. You can move on to other opportunities quicker.
Tomorrow I will blog about other ideas that Mike and I discussed. Specifically being comfortable in where you are in business.
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