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My accountant friend in Boise asked me what my 'walk away' number is for a project.
We were having a beer and I was complaining about a lowball offer. He said, 'If you don't know the exact dollar amount where you say no, you'll always say yes.' I'd never set a firm line like that before, always just guessed. It made me realize I've probably lost money by not having a clear bottom line. How do you guys figure out your absolute minimum rate for a job?
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tyler_young2mo ago
My Boise friend's accountant brain is terrifyingly correct.
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tyler_young2mo ago
Yeah, that idea seemed too rigid at first, but it really does stop you from taking bad deals.
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the_rose2mo ago
Your "walk away" number should include the hidden cost of saying yes to a bad deal, like @tyler_young's friend hinted.
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