Comments on: What mistakes has your small business made? http://www.smallbusinesssem.com/what-mistakes-has-your-small-business-made/2334/ Because not everyone can throw thousands of dollars at the 'How do we market ourselves online?' question... Thu, 09 Feb 2012 02:57:14 +0000 hourly 1 By: Matt McGee http://www.smallbusinesssem.com/what-mistakes-has-your-small-business-made/2334/#comment-170071 Matt McGee Wed, 07 Oct 2009 07:06:31 +0000 http://www.smallbusinesssem.com/?p=2334#comment-170071 Yeah, saw that Stever and emailed them. Thx. MikeB - good story and good lesson. Thx for sharing it here. Yeah, saw that Stever and emailed them. Thx.

MikeB – good story and good lesson. Thx for sharing it here.

]]> By: MikeB http://www.smallbusinesssem.com/what-mistakes-has-your-small-business-made/2334/#comment-170062 MikeB Wed, 07 Oct 2009 04:42:18 +0000 http://www.smallbusinesssem.com/?p=2334#comment-170062 A very good friend of mine said this was his worst mistake he made in his business: He had one very good client, an internationally recognizable Name Brand. Over the years this client's business was so good that it represented 80% of my friend's business. Then suddenly the client had to move to a low-cost center and my friend lost them as a client. His big mistake, he said was to not react immediately and cut the overheads that were there to support the Big Name. He hoped he would be able to find more business to replace them. But the fixed monthly costs kept coming - as they do - and he very quickly found himself in debt that was almost unmanageable. He got out of that situation, but it was painful. Then the recession hit... A very good friend of mine said this was his worst mistake he made in his business:
He had one very good client, an internationally recognizable Name Brand. Over the years this client’s business was so good that it represented 80% of my friend’s business.
Then suddenly the client had to move to a low-cost center and my friend lost them as a client. His big mistake, he said was to not react immediately and cut the overheads that were there to support the Big Name. He hoped he would be able to find more business to replace them. But the fixed monthly costs kept coming – as they do – and he very quickly found himself in debt that was almost unmanageable.
He got out of that situation, but it was painful.
Then the recession hit…

]]> By: Stever http://www.smallbusinesssem.com/what-mistakes-has-your-small-business-made/2334/#comment-170055 Stever Wed, 07 Oct 2009 02:07:29 +0000 http://www.smallbusinesssem.com/?p=2334#comment-170055 Matt, they got your URL wrong in that article. Matt, they got your URL wrong in that article.

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