All valid points. I think the fact that you are hesitant and unsure speaks a lot for the way you already feel about the validity of the account for you.
Conversely, bid it to make it worth your while and see what happens. If he takes it, awesome. If not, maybe try to work with him. Don't sound desperate for work, but explain about the working area. This may be an avenue into more accts in that area that WILL make it worth your while.
Ultimately, it boils down to if it's worth it to YOU. Not me, not the other guys posting on here, but you. You own your company, you run the books, you pay the bills, not any of us. So at the end of the day, if you are comfortable doing it, and you're not losing money, great.
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