As a business owner, how do you know when to say 'no' to a project or a prospect? There are some common red flags to watch out for, and we're discussing them on today's podcast episode. (show notes here)

an example from my writing business

There's nothing quite like a story or an example to help illustrate a point, and today's topic is no exception.

By day, I run a marketing and writing freelance business and recently made the decision to step away from a project with a new prospect that seemed really promising.

project red flags

While I'm not providing any identifying details, there are some red flags that popped up with this prospect.

You probably have a completely different type of business than I do, but these signs will help you identify which projects or prospects you should say no to.

If you're having some trouble deciding whether you should take on a project, take a look at the interaction you've had with the prospect so far.

Here's a checklist for you:

• Does their process make sense and do they stick to what they say they are going to do?
• Are they asking for or expecting anything for free?
• Is their rate of compensation or pay low?
• Are they willing to negotiate?

trusting your no

It's totally okay to turn down a project! You're well within your rights, and even your duties, as a business owner.

If you choose to say no to working with a prospect or new client, just be tactful about it.