n
24

Rant: My accountant friend called my 'diversified' client list a huge risk

We were talking taxes and she pointed out that having 15 different one-off clients last quarter meant zero income stability. She said 'You're not diversified, you're just scattered.' It hit different coming from someone who sees the numbers. Anyone else get this advice and push back?
3 comments

Log in to join the discussion

Log In
3 Comments
piperr58
piperr587d agoTop Commenter
Read about 'client concentration risk' lately?
9
henderson.val
Yeah that's the thing, right? People mix up being busy with being safe. It's like having a bunch of acquaintances instead of a few close friends you can actually count on.
6
the_oscar
the_oscar16d ago
My plumber has twenty regulars and sleeps just fine.
2