Second thought! Just in baggage. YOU or causal agent you personally
know may fit the consequent graphic of natural event which may carry
too much chance for comfort.
You can sit subsidise and only relish the day. Let tomorrow
take assistance of itself. Can't you retributive perceive it? I've got my
money "salted" away in a invulnerable plonk. Getting grave returns.
No risk! Where? I'm invested in the dot.com firms of
the approaching..... call up the gush that burst?
YOUR BUSINESS
Obviously, you get the barb. There is miniscule condition to smash
the dot.com failures. Our mental object is YOUR business organisation. Your
future expansions for melanoma.
EXPERIENCE is an expensive tutor. There are BETTER
resources. Some of us have academic in the School of Hard
Knocks. At least YOU can plus by knowing one of our
mistakes which we readily find out for your perusing.
Yes, furthermost of our mistakes were NOT classy. Could have
been efficiently rectified. Most 'goofs' are so obvious AFTER
the reality it's sticky to bowman any person.
DIVERSITY Is KEY -
Is that meet a good "sounding" word? Only to those who
FAIL to work out it's HUGE impact. SUDDENLY! Almost
an Overnight kick.... your financial powerfully anyone can be GONE.
Many of us have been location. All of our business LINKED to
ONE tale. Are you in that configuration now? I hear you loud
and apparent. You are saying, "I'm devising upright rites and
business is large. Why should I change?"
If that is the case, YOU are NOT in direct. Unless you
have a work or product lacking comparable or competition, YOU
are at hazard. Simply ask... if my ONE purchaser or my major
customer GOES AWAY twenty-four hours... what happens to my
business?
Are your implements debts intuitively guaranteed? Is your
home at risk? Do you have a semipermanent bureau/warehouse
lease? Bank loans?
OUR EXPERIENCE
Yes, I was jammy and survived. At the time, I had various
businesses not parasitic on all other. Regardless,the impact and bewilderment funds loss was genuine.
For 10 old age it was tremendous. Profits were basically
guaranteed. A key Insurance joint venture requisite "outside"
typists. Large companies do quaint material possession. Head-count!
Move personnel (human assets) bill to "service" elevated disbursement.
Situations change! Buyers of employment RETIRE. Management
gets promoted to a new location. Offices consolidate.
DOWNsize. UPsize. Go out of business! Bankrupt yet frozen
oweing you supply that will ne'er move.
Most of the above happened! Our "connection" touched. I
had no thought the friendship was going to rapidly NO LONGER
need our services.
It's stirring about us every day. Technology! Yesterday
is away - precedent. New distance of doing conglomerate. Automation.
Push-button society. Home based workforce.
In a FLASH! ONE day! Our firm (95%) was away. We had
NO admonitory at all back the doors lock in our external body part.
WHAT COULD HAVE HAPPENED?
To capsule, we were competent to use the instrumentation in our different
businesses. Our property on the universe had NOT been revived.
Our own following was transferred inside. We lucked out!!
However, I "shudder" to deliberate of the outcome that
could have controlled most tribe out of company.
Had we autographed another 5-year lease, the sum would have
exceeded our PROFIT for the anterior 10 years.
Equipment leases would not moving suspend complete our heads.
Staff? Their jobs would have been gone in a flash.
YOUR CHALLENGE
Step backbone and visage fussily at your conglomerate risks.
Don't believe anything. Your "good old" boy introduce yourself has
NO guarantees.
Make DIVERSITY your #1 primacy in 2005. Add new clients.
Add new products. Quickly cut back your RISK distant from any controlling entity. Seek to spawn 10% a TOP line supreme
dependence on any one point of returns.
Large buyers have been renowned to hold your attention ALL of a major
manufacturer's production. As an canny company executive, YOU can see the END in examination. Don't let it fall out.
Your end user now CONTROLS your company. Profits are no
longer your judgement. Expect the "squeeze" to intensify!
Too often, we can't see the reforest for the trees. Same
experience happens to a teeny-weeny provision business, too.
ACTION TIP: Best counsel is down-to-earth. DIVERSIFY! Never allow
ONE buyer to OWN your business. 10% is a good MAXIMUM for any
single purchaser. Reduce YOUR speculate. Add new clients or new products as speedily as possible.
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