When times are good, it’s easy to say “Yes” to stuff. 

You take on a new product. You get involved in a friend’s business. You invest in a couple new ventures.

Before you know it, you’re at full stretch.

No spare time, no spare cash.

Vulnerable.

If your core business suddenly needs more of your time, or if you’re faced with an unexpected cash outflow, or if you have a family emergency, you’re not in a position to make time, or find cash.

Not good.

Better to operate with extra capacity at all times.

Always have a time and cash buffer, just in case of emergencies. 

Whether it’s time commitments or cashflow, don’t over-extend yourself.