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> Feel free to bite off more than you can chew and view it as a growth opportunity, but be aware that getting too much of your revenue from one client makes you
by varispeed 3y ago
> Feel free to bite off more than you can chew and view it as a growth opportunity, but be aware that getting too much of your revenue from one client makes you their bitch. It's like all the downside of being an employee plus all the downside of running a business.
One mistake is charging the client with thinking that you will be able to service the contract yourself, but fee being not enough to hire a capable employee and have nice profit on top of that.
Rule of thumb - if the client doesn't want to pay you enough so that you can hire someone or even a small team, with everything that goes along - office space etc and you can't have a profit on top, then this is not really a client, but employer who wants an employee without having to be actually responsible for one. It's not a business relationship.
- DoreenMichele 3y agoThat's probably a big part of it. If you undercharge on some small, one-time job, afterwards you go "Whoopsie! Time to adjust my fees. No big." You undercharge on some big, ongoing contract and it can feel like you can't make any real changes. And now you're stuck in this bad deal. (Or at least feel stuck.) People tend to not know how to "fire" a bad client and the idea that you can choose your clients, at least to some degree via market positioning, is alien for many people.