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Diversify Your Client Base just like you would your stock portfolio
Manage episode 430365088 series 3309353
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In this episode, we dive deep into understanding client diversification and how to effectively manage your client portfolio to maximize growth and profitability.
🔑 Key Takeaways:
- Niche Doesn't Mean Exclusive: Starting with a niche is crucial, but don't limit yourself forever. Over time, explore other areas if market opportunities arise.
- Client Portfolio Diversification: Just like a stock portfolio, it's essential to diversify your client base. This strategy helps in spreading risks and tapping into various revenue streams.
- Stay Open-Minded: There are likely client segments you're currently avoiding. Reconsider these segments as potential lucrative opportunities that can elevate your firm's success.
Join me, as we break down how to categorize and expand your client base while maintaining high standards of service
Let's take off our lawyer hats and put on our CEO robes for this insightful discussion! 💼👓
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