DIVERSITY is a BIG word -- With A HUGE Business IMPACT

Second thought! Just in case. YOU or someone you personally

know may fit the following picture of success which may carry

too much risk for comfort.

You can sit back and simply enjoy the day. Let tomorrow

take care of itself. Can't you just hear it? I've got my

money "salted" away in a safe place. Getting great returns.

No risk! Where? I'm invested in the dot.com firms of

the future..... remember the bubble that burst?

YOUR BUSINESS

Obviously, you get the point. There is little need to bash

the dot.com failures. Our goal is YOUR business. Your

future expansions for growth.

EXPERIENCE is an expensive teacher. There are BETTER

resources. Some of us have learned in the School of Hard

Knocks. At least YOU can benefit by knowing some of our

mistakes which we freely expose for your perusal.

Yes, most of our mistakes were NOT smart. Could have

been easily corrected. Most 'goofs' are so obvious AFTER

the fact it's embarassing to tell anyone.

DIVERSITY Is KEY --

Is that just a nice "sounding" word? Only to those who

FAIL to understand it's HUGE impact. SUDDENLY! Almost

an Overnight kick.... your financial well being can be GONE.

Many of us have been there. All of our business LINKED to

ONE account. Are you in that position now? I hear you loud

and clear. You are saying, "I'm making good money and

business is great. Why should I change?"

If that is the case, YOU are NOT in control. Unless you

have a service or product without equal or competition, YOU

are at risk. Simply ask... if my ONE customer or my major

customer GOES AWAY tomorrow... what happens to my

business?

Are your equipment debts personally guaranteed? Is your

home at risk? Do you have a long-term office/warehouse

lease? Bank loans?

OUR EXPERIENCE

Yes, I was fortunate and survived. At the time, I had several

businesses not dependent on each other. Regardless,the impact and surprise income loss was real.

For 10 years it was wonderful. Profits were basically

guaranteed. A major Insurance company needed "outside"

typists. Large companies do strange things. Head-count!

Move staff (human resource) cost to "service" overhead expense.

Situations change! Buyers of services RETIRE. Management

gets promoted to a new location. Offices consolidate.

DOWNsize. UPsize. Go out of business! Bankrupt yet still

oweing you money that will never come.

Most of the above happened! Our "connection" moved. I

had no idea the company was going to suddenly NO LONGER

need our services.

It's happening around us every day. Technology! Yesterday

is gone -- history. New ways of doing business. Automation.

Push-button society. Home based workers.

In a FLASH! ONE day! Our business (95%) was gone. We had

NO warning at all before the doors shut in our face.

WHAT COULD HAVE HAPPENED?

To capsule, we were able to use the equipment in our other

businesses. Our lease on the space had NOT been renewed.

Our own staff was transferred within. We lucked out!!

However, I "shudder" to think of the consequences that

could have forced most folks out of business.

Had we signed another 5-year lease, the cost would have

exceeded our PROFIT for the prior 10 years.

Equipment leases would still hang over our heads.

Staff? Their jobs would have been gone in a flash.

YOUR CHALLENGE

Step back and look carefully at your business risks.

Don't assume anything. Your "good old" boy network has

NO guarantees.

Make DIVERSITY your #1 priority in 2005. Add new clients.

Add new products. Quickly reduce your RISK away from any controlling entity. Seek to make 10% a TOP line maximum

dependence on any one source of income.

Large buyers have been known to absorb ALL of a major

manufacturer's production. As an astute business executive, YOU can see the END in sight. Don't let it happen.

Your customer now CONTROLS your business. Profits are no

longer your decision. Expect the "squeeze" to intensify!

Too often, we can't see the forest for the trees. Same

experience happens to a small service business, too.

ACTION TIP: Best advice is simple. DIVERSIFY! Never allow

ONE client to OWN your business. 10% is a good MAXIMUM for any

single buyer. Reduce YOUR risk. Add new clients or new products as quickly as possible.

http://ezinearticles.com/members/mem_pics/Don-Monteith_1804.jpg" border="0" alt="EzineArticles Expert Author Don Monteith">

Don Monteith spent 32 years as co-owner of several franchises and a personnel/staffing business. Every year, his firm placed hundreds of job candidates in their dream job. Today, Don shares his business and career expertise through his newest websites on the Internet. Lots of FREE ideas - suggestions - ready for your perusal and study.

http://www.Career-Coaching-Central.com


http://www.HowToGetYourDreamJob.com

Grab this articles

<h1>DIVERSITY is a BIG word -- With A HUGE Business IMPACT</h1><p> <p>Second thought! Just in case. YOU or someone you personally<br /><br /> know may fit the following picture of success which may carry<br /><br /> too much risk for comfort.</p><p>You can sit back and simply enjoy the day. Let tomorrow<br /><br /> take care of itself. Can't you just hear it? I've got my<br /><br /> money "salted" away in a safe place. Getting great returns. <br /><br /> No risk! Where? I'm invested in the dot.com firms of <br /><br /> the future..... remember the bubble that burst?</p><p>YOUR BUSINESS</p><p>Obviously, you get the point. There is little need to bash <br /><br /> the dot.com failures. Our goal is YOUR business. Your<br /><br /> future expansions for growth.</p><p>EXPERIENCE is an expensive teacher. There are BETTER<br /><br /> resources. Some of us have learned in the School of Hard <br /><br /> Knocks. At least YOU can benefit by knowing some of our <br /><br /> mistakes which we freely expose for your perusal.</p><p>Yes, most of our mistakes were NOT smart. Could have <br /><br /> been easily corrected. Most 'goofs' are so obvious AFTER<br /><br /> the fact it's embarassing to tell anyone.</p><p>DIVERSITY Is KEY --</p><p>Is that just a nice "sounding" word? Only to those who<br /><br /> FAIL to understand it's HUGE impact. SUDDENLY! Almost<br /><br /> an Overnight kick.... your financial well being can be GONE.</p><p>Many of us have been there. All of our business LINKED to<br /><br /> ONE account. Are you in that position now? I hear you loud<br /><br /> and clear. You are saying, "I'm making good money and<br /><br /> business is great. Why should I change?"</p><p>If that is the case, YOU are NOT in control. Unless you<br /><br /> have a service or product without equal or competition, YOU <br /><br /> are at risk. Simply ask... if my ONE customer or my major <br /><br /> customer GOES AWAY tomorrow... what happens to my<br /><br /> business?</p><p>Are your equipment debts personally guaranteed? Is your<br /><br /> home at risk? Do you have a long-term office/warehouse<br /><br /> lease? Bank loans?</p><p>OUR EXPERIENCE</p><p>Yes, I was fortunate and survived. At the time, I had several <br /><br /> businesses not dependent on each other. Regardless,the impact and surprise income loss was real.</p><p>For 10 years it was wonderful. Profits were basically<br /><br /> guaranteed. A major Insurance company needed "outside"<br /><br /> typists. Large companies do strange things. Head-count! <br /><br /> Move staff (human resource) cost to "service" overhead expense.</p><p>Situations change! Buyers of services RETIRE. Management<br /><br /> gets promoted to a new location. Offices consolidate. <br /><br /> DOWNsize. UPsize. Go out of business! Bankrupt yet still <br /><br /> oweing you money that will never come.</p><p>Most of the above happened! Our "connection" moved. I<br /><br /> had no idea the company was going to suddenly NO LONGER <br /><br /> need our services.</p><p>It's happening around us every day. Technology! Yesterday <br /><br /> is gone -- history. New ways of doing business. Automation. <br /><br /> Push-button society. Home based workers.</p><p>In a FLASH! ONE day! Our business (95%) was gone. We had <br /><br /> NO warning at all before the doors shut in our face.</p><p>WHAT COULD HAVE HAPPENED?</p><p>To capsule, we were able to use the equipment in our other <br /><br /> businesses. Our lease on the space had NOT been renewed. <br /><br /> Our own staff was transferred within. We lucked out!!</p><p>However, I "shudder" to think of the consequences that<br /><br /> could have forced most folks out of business.</p><p>Had we signed another 5-year lease, the cost would have<br /><br /> exceeded our PROFIT for the prior 10 years.</p><p>Equipment leases would still hang over our heads. <br /><br /> Staff? Their jobs would have been gone in a flash.</p><p>YOUR CHALLENGE</p><p>Step back and look carefully at your business risks. <br /><br /> Don't assume anything. Your "good old" boy network has <br /><br /> NO guarantees.</p><p>Make DIVERSITY your #1 priority in 2005. Add new clients. <br /><br /> Add new products. Quickly reduce your RISK away from any controlling entity. Seek to make 10% a TOP line maximum <br /><br /> dependence on any one source of income.</p><p>Large buyers have been known to absorb ALL of a major<br /><br /> manufacturer's production. As an astute business executive, YOU can see the END in sight. Don't let it happen.</p><p>Your customer now CONTROLS your business. Profits are no <br /><br /> longer your decision. Expect the "squeeze" to intensify!</p><p>Too often, we can't see the forest for the trees. Same <br /><br /> experience happens to a small service business, too.</p><p>ACTION TIP: Best advice is simple. DIVERSIFY! Never allow<br /><br /> ONE client to OWN your business. 10% is a good MAXIMUM for any<br /><br /> single buyer. Reduce YOUR risk. Add new clients or new products as quickly as possible.</p><div style="float: left; padding: 0px; margin: 0px; border-width: 1px 1px 1px 1px; border-style: solid; border-color: white; background-color: white"><img height="60" width="55" src="<a href="http://ezinearticles.com/members/mem_pics/Don-Monteith_1804.jpg" target="bago">http://ezinearticles.com/members/mem_pics/Don-Monteith_1804.jpg</a>" border="0" alt="EzineArticles Expert Author Don Monteith"></div><p>Don Monteith spent 32 years as co-owner of several franchises and a personnel/staffing business. Every year, his firm placed hundreds of job candidates in their dream job. Today, Don shares his business and career expertise through his newest websites on the Internet. Lots of FREE ideas - suggestions - ready for your perusal and study.</p><p> <a href="http://www.Career-Coaching-Central.com" target="bago">http://www.Career-Coaching-Central.com</a><br><br /><br /> <a href="http://www.HowToGetYourDreamJob.com" target="bago">http://www.HowToGetYourDreamJob.com</a></p> More <a href="http://www.articlesroom.com">free articles</a> from <a href="http://www.articlesroom.com">http://www.articlesroom.com</a>

Related articles

• Ny Professionel SEO ekspert
• Query for Search Result
• Tips to buy the best living room furniture for your sweet house
• The Ultimate Benefits of Yoga on Our Health
• Best place to buy posters online India.
• Prohibition Or A Penalty - Google
• Search Engines Crawler Work
• Education A Vital Requirement For Children
• The Day Spa Experience in Hollywood
• Enhance your overall appearance with hair transplantation in India
• Marketing Value On Internet
• Link Capabilities on Search Engine
• Affordable Android Application Development
• The Four Phases of Compulsive Gambling – A Comprehensive Study
• Find the Best Providers of Link Building Services for the Best Results
• Link Building Services and Its Importance to Online Business
• The Positive Effects of Link Building Services to your Online Business
• Current Ranking on Web Page
• Get an Effective Treatment for Bed Bug Bites
• Identify the right keyword
• Seven Questions You MUST Answer Before You Create A Great Marketing Plan
• Make Your Business Shine With Innovative Website Design
• Ranking or Site development tricks
• Update with our SEO
• Sony Customer Support - The Acute Parental Care

Newest Articles

• Reviews on Different Business Catalog Printing Process
• Selling Your Experience
• Where Cable Lighting Should Be Used?
• Level Up Your Business Cards A Notch Higher
• Pedaling to wash clothes
• Basic Adventure Travel Check List
• eConn Resume Processing Solution only at $249
• Advanced Kiosk Systems to Compact Tough Conditions
• Freestanding Fire Pits: Now for Entertainment and Grilling
• How to Keep Your Fire Pit Handy for Winter Use
• Mr. Ashok Mahindru
• Propecia Prescription To Give Your Hair Grow Back
• Audemars Piguet Replica Watches-A Much Better Quality At Fashion-replica.com
• Choose the best elitemakeup foundation
• Hublot Replica Watch -The preferred Christmas gift at the highest levels
• Pass a Drag Test: Pass a Social Responsibility
• Tag Heuer Replica At Fashion-replica.com – The Best Gifts For Christmas
• Passing a Drag Test Is the First Step
• You May Run but You Can not Hide From a Drug Test
• Event management and advertising services from Infra Design
• Utah Ski Resort Real Estate And Lodging Snow Basin And Powder
• Drugs in the Field of Sports
• Do Your Kid pass a Drug Test?
• Get that Catalog Printing Right
• Understand Exactly What Your Business Has to Offer

Most Popular Articles

• 12 Golden rules for every Dog owner
• 17 Tips That'll Safeguard You and Your Family From Dog Bites
• 14 Tips for Crate Training Your New Puppy
• 3 Simple Steps For A Healthier Dog
• 3 Tips For Dealing With Dog Emergencies
• Generating a positive ROI from PPC
• Search Engine Promotion - your options explained
• Submit site to announce it to the world!
• Exercise Bikes – How Far They Have Come
• Mortgage Equity Loans With Multiple Benefits
• Javascript Basics 01
• Home Equity Online Loans become more popular
• What Does Your Body Language Tell?
• Let Your Business Grow By Invoice discounting in the UK
• Uncommon Facts / Rules of English Language
• Misunderstandings Due To Accents
• Diabetes and Your Eyesight
• How to Prevent Online Identity Theft
• Learn to Speak Basic Chinese (Mandarin) Words and Phrases
• Learn Korean: Part 1 - Asian Languages and Language Families
• Pancreas Transplants - A Solution For Type 1 Diabetes Sufferers?
• Tips To Learn English
• Learn Korean: Part 2 - Social Status in Culture
• IELTS: Facts Not Many People Know
• Aphasia: The Cruelest Language Barrier