One common problem most small business owners have is that they tend to easily become dependent on a single client. During the early stage of any business, it can be pretty hard to find customers, hence once they come across a customer who is a little bit consistent, they tend to depend on just that customers. One major problem about this is that it tends to limit the growth of the business as you might be too focused on one customer, instead of trying to find more.
Being dependent on a single client
- Thread starter eldavis
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Very true, if anything happens to that one client, it means you are back to square one. Depending on a single client means no growth in your business. I have experienced this before.
It is risky for a business to depend on one single client. The business should try at all times to get as many customers as possible so that the business can grow.
As a business person, I have more than 100 clients. Depending on a single client can easily make you broke.
It is not smart to depend on one client. What if they decide to leave and explore other options? It is better to have multiple clients for stability. Make sure to provide an A-OK product or service consistently.
