I just read an inspiring article in the New York Times about a young entrepreneur named Christopher Hazlett. Like many entrepreneurs it has had a hard time since January 2008 from earning thousands of dollars to almost zero. Having founded the company in 2005 had excellent results in 2006 and 2007 and was assured that their multinational clients were between the weight of Johnson & Johnson.
beginning of the year the story was twisted completely and for 4 months was thinking about how to reinvent your business, IT consulting to create a product aimed at SMEs, churches and parishes, the Event Clipboard. Some of the lessons
uqe Share Christopher Hazlett serve us all entrepreneurs
- Do not put all your eggs in one basket. Its revenue came from large firms and when earlier this year they started having problems and canceled their contracts, he found himself without income. It is important to diversify clients and their type.
- Be frugal. As far as possible is to keep costs to a minimum. As related works from home and office rents not even cut his salary and saves a great deal.
- Switch product or service if it does not sell. We must be brave to do it but it is necessary to continue operating as a company.
- Be patient.
- Seek opportunities in every crisis than uncertainty and difficulties can also find new businesses or any other opportunity.
What do you think the attitude of Christopher? Do I have to fight for your business or rather bury their heads and hope the storm is over?
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