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Knowlton Nugget 69 - Key Lesson About Managing Risk (E165)
Manage episode 430635922 series 2955946
İçerik Dan Knowlton, Lloyd Knowlton, Dan Knowlton, and Lloyd Knowlton tarafından sağlanmıştır. Bölümler, grafikler ve podcast açıklamaları dahil tüm podcast içeriği doğrudan Dan Knowlton, Lloyd Knowlton, Dan Knowlton, and Lloyd Knowlton veya podcast platform ortağı tarafından yüklenir ve sağlanır. Birinin telif hakkıyla korunan çalışmanızı izniniz olmadan kullandığını düşünüyorsanız burada https://tr.player.fm/legal özetlenen süreci takip edebilirsiniz.
In this Knowlton Nugget, Lloyd shares a key lesson about managing risk. He recounts a challenging period when their business faced a gap between projects, leading to a significant financial loss. This experience revealed the vulnerabilities of a project-based income model.
To prevent future issues, they’ve diversified their income with more retainers and introduced a mix of full-time and freelance team members for flexibility.
The takeaway? Manage risks by diversifying income and adopting flexible resource strategies.
Full episode - E165: Our Biggest F*ck Ups Of 2023 & What We Learnt
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