How to Let a Client Go
Nearly everyone keeps a client too long, for a reason that is entirely rational and entirely wrong: the revenue is visible and the cost is not.
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Nearly everyone keeps a client too long, for a reason that is entirely rational and entirely wrong: the revenue is visible and the cost is not.
Nobody asks you to do 40% more work. They ask for one small thing, eleven times, and each one is genuinely small. That is why it is hard to stop and why it costs so much.
Almost everybody waits too long, then raises too much at once, then apologizes for it. Done properly a price increase costs you a couple of clients and buys back a day a week.
The best client you have is also the largest single risk in the business, and the two facts are the same fact. Most people never measure it, because it only appears when the year is totaled in one place.
Most CRM software is built for a sales team chasing deals. A service business with forty recurring clients has almost the opposite problem, and needs about six things - none of which require a subscription.
Occasional notes on running a small business without a back office — what the numbers actually say, and what to do about them. No schedule, no filler.