Why You Need to Diversify Your Clients… Quickly

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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.


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Episode 458