This concept is pushed pretty hard in Tim Ferriss’ book the 4-Hour Work Week as well…

In a nutshell – you don’t want EVERYONE to be your client. You only want the GOOD clients. There’s no point having a great margin, smooth processes, and efficiency and profitability baked into all you do if 20% of your clients are consuming 80% of your effort for the same return.

The link is here… Great post. Give some really practical tips on what to look out for, and what to avoid.

Enjoy!

Related articles by Zemanta

• Tim Ferriss Wants to Crowdsource His Next Book Cover; Some People Have a Problem With That (mediabistro.com)
• Tim Ferriss on the New 4-Hour Workweek (ducttapemarketing.com)
• 5 Reasons to Start a Business in a Recession (usnews.com)
• Tim Ferriss’ New Book: Become a Superhuman (singularityhub.com)
• Must Reads from Tim Ferriss and Kevin Rose (800ceoread.com)