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Do not pass up interacting with Business based Hooligans or party/poker games in order to expand your outlets. You aren't growing too fast.
I'd tell you that if it isn't going to take away from your main operation and can afford it, then it's worth doing. The contracts are worth doing. The additional relationships are nice but you can get that from favors. Increasing rep on bad relationships hasn't been meaningful to me. That vendor selling something I needed was Neutral Alcohol and helped cover my moonshine production gaps.
It's not always a hit, but overall I found them to be worthwhile.
If you're expanding your fronts JUST to earn protection rackets money, you're doing it wrong. Money should always come foremost from your operations and you need to pick what to build wisely. Look at my guide to see what's the most profitable and your area's suppliers and buyers and pick accordingly.