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Knowlton Nugget 69 - Key Lesson About Managing Risk (E165)
Manage episode 430635922 series 2955946
Contenu fourni par Dan Knowlton, Lloyd Knowlton, Dan Knowlton, and Lloyd Knowlton. Tout le contenu du podcast, y compris les épisodes, les graphiques et les descriptions de podcast, est téléchargé et fourni directement par Dan Knowlton, Lloyd Knowlton, Dan Knowlton, and Lloyd Knowlton ou son partenaire de plateforme de podcast. Si vous pensez que quelqu'un utilise votre œuvre protégée sans votre autorisation, vous pouvez suivre le processus décrit ici https://fr.player.fm/legal.
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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