06/06/2022
𝐃𝐢𝐝 𝐲𝐨𝐮 𝐤𝐧𝐨𝐰 𝐭𝐡𝐚𝐭 𝐞𝐱𝐩𝐞𝐫𝐭𝐬 𝐬𝐚𝐲 𝐭𝐡𝐚𝐭 𝐡𝐚𝐯𝐢𝐧𝐠 𝐦𝐨𝐫𝐞 𝐭𝐡𝐚𝐧 𝟏𝟓% 𝐨𝐟 𝐲𝐨𝐮𝐫 𝐫𝐞𝐯𝐞𝐧𝐮𝐞 𝐜𝐨𝐦𝐢𝐧𝐠 𝐟𝐫𝐨𝐦 𝐨𝐧𝐞 𝐜𝐮𝐬𝐭𝐨𝐦𝐞𝐫 𝐨𝐫 𝐜𝐥𝐢𝐞𝐧𝐭 𝐢𝐬 𝐝𝐚𝐧𝐠𝐞𝐫𝐨𝐮𝐬 𝐭𝐨 𝐲𝐨𝐮𝐫 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬?
If your business is overly dependent on a customer, supplier, or an employee, you have a problem waiting to happen. You have no control over these. You can’t control what they do, you can’t control what decisions they make, and you can’t control what happens to them.
Building trusted, long-term relationships with customers, suppliers, and employees is important. However, everybody must see 𝐭𝐡𝐞 𝐧𝐞𝐞𝐝 𝐟𝐨𝐫 𝐡𝐞𝐚𝐥𝐭𝐡𝐲 𝐨𝐩𝐭𝐢𝐨𝐧𝐬 𝐚𝐧𝐝 𝐜𝐡𝐨𝐢𝐜𝐞𝐬 𝐟𝐨𝐫 𝐥𝐨𝐧𝐠-𝐭𝐞𝐫𝐦 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐬𝐮𝐜𝐜𝐞𝐬𝐬 𝐟𝐨𝐫 𝐚𝐥𝐥.
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Isn’t it amazing how many problems we solve after the fact? Face it, we don’t have a choice once it’s happened. How often have you been relieved because you predicted a problem, and either resolved it, avoided it, or had some contingencies planned in advance to take care of it?…