Fire Your Bad Clients

In order to make your business as profitable as possible, you really need to assess your client relationships and ensure that they're win-win opportunities for you. This is where the 80/20 rule comes into play: You should be focusing your time on the clients who are most profitable and who fit within your reason for existence. And you need to learn to say no to a potential or existing client when they don't fit within your business model.

Here are five types of clients you need to fire who are causing your business to be less profitable:

1. Focus Drainers

In order to make the most of your time, you need to focus on your core competencies. Clients who don't fit within your targeted service or product focus may be costing you money.

2. Low-Profitability Clients

You only have so many hours in the day to work on your business, so work only with clients with whom you'll enjoy a good return on your invested time.

3. Complainers

It's time to say good riddance to complaining clients and work with those people who truly appreciate what you do and are willing to pay for what you provide without complaining!

4. "Something for Nothing" Clients

Get rid of those customers who always want something but don't want to pay for it. They don't value what you have to offer, and you constantly have to justify your prices. Only work with those people who understand the value you have to offer and will appreciate it.

5. Time Wasters

If you're spending time with clients who waste your time because they're never ready or aren't willing to listen to your advice, run now. These will be the ones that will constantly assume more of your time without providing anything in return and then will wonder why they're paying you.

Edited by: 浪子

Bibliography

Pam Newman. (2007). Fire Your Bad Clients. Retrieved from 
https://www.entrepreneur.com/article/173108