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Knowlton Nugget 69 - Key Lesson About Managing Risk (E165)
Manage episode 430635922 series 2955946
Contenuto fornito da Dan Knowlton, Lloyd Knowlton, Dan Knowlton, and Lloyd Knowlton. Tutti i contenuti dei podcast, inclusi episodi, grafica e descrizioni dei podcast, vengono caricati e forniti direttamente da Dan Knowlton, Lloyd Knowlton, Dan Knowlton, and Lloyd Knowlton o dal partner della piattaforma podcast. Se ritieni che qualcuno stia utilizzando la tua opera protetta da copyright senza la tua autorizzazione, puoi seguire la procedura descritta qui https://it.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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