Mission Daily

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.

    Mentions

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