16 min
Why You Need to Diversify Your Clients... Quickly Mission Daily
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- Self-Improvement
We lost 70% of our revenue two months ago. We had to cut a third of our full-time staff. Here’s what we are learning the hard way:
Diversify your clients as soon as possible. Don’t rely on one company to provide the bulk of your revenue.
Diversify the industry you play in. That way if one industry crashes (like tech right now) you are left in a strong position with companies from other industries.
Understand the potential downsides of longer contracts - you might not be checking in on client satisfaction as often as you should.
Tune in to hear Albert and Steph’s take on these lessons and how they are planning for the future.
Mentions
Sagan.fm - Need help producing your podcast? Shoot us an email at info@mission.org to find out how we can help.
Learn more about your ad choices. Visit megaphone.fm/adchoices
We lost 70% of our revenue two months ago. We had to cut a third of our full-time staff. Here’s what we are learning the hard way:
Diversify your clients as soon as possible. Don’t rely on one company to provide the bulk of your revenue.
Diversify the industry you play in. That way if one industry crashes (like tech right now) you are left in a strong position with companies from other industries.
Understand the potential downsides of longer contracts - you might not be checking in on client satisfaction as often as you should.
Tune in to hear Albert and Steph’s take on these lessons and how they are planning for the future.
Mentions
Sagan.fm - Need help producing your podcast? Shoot us an email at info@mission.org to find out how we can help.
Learn more about your ad choices. Visit megaphone.fm/adchoices
16 min