Lesson I learned from my father.
My dad was the vp for the largest and wealthiest guy in our town. He owned 28 different companies that my father oversaw for him. My father coming from owning an insurance company that closed due to employee fraud looked for big money contacts for these 28 companies. He'd work out a deal and take it to the owner only the get shot down. These contracts would typically be 30% or more of there business. Finally one day my dad asked why he was opposed to these contracts. He explained how he only needs a base hit. If each company only profits 1,000 a month he makes 28,000 a month. He went on to explain that when your business becomes dependent on these large contracts. They get a cough and you get the flu. All he wanted him to do was make sure they didn't lose any money.
My dad was the vp for the largest and wealthiest guy in our town. He owned 28 different companies that my father oversaw for him. My father coming from owning an insurance company that closed due to employee fraud looked for big money contacts for these 28 companies. He'd work out a deal and take it to the owner only the get shot down. These contracts would typically be 30% or more of there business. Finally one day my dad asked why he was opposed to these contracts. He explained how he only needs a base hit. If each company only profits 1,000 a month he makes 28,000 a month. He went on to explain that when your business becomes dependent on these large contracts. They get a cough and you get the flu. All he wanted him to do was make sure they didn't lose any money.
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