Like many small contractors, you probably want your business to grow and produce more profit. But growth entails risks, including the possibility that hiring more managers or office people could increase overhead to such an extent that profit declines. Buying expensive equipment or moving the office from your house into rented space could have the same effect.

Still, if you want more profit, your company will most likely have to grow. The smart thing to do is to minimize your risk by going into it with a plan.

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