Investor Connect Podcast

Signs of a Toxic Customer

Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.

Just as founders, employees, and board members can be toxic, so can your startup’s customers.

Here are some signs that one of your customers is toxic.

They take advantage of your generosity.

Toxic customers push you to the limit and beyond.

They can’t make up their mind.

Toxic customers put your team in a continual holding pattern while they make a decision.

They continually revise their requirements, putting additional work on your team.

They become a squeaky wheel taking more than their fair share of time and attention.

They come up with impossible requests that the team cannot meet.

Watch out for these signs of a toxic customer.

If the problem becomes too much then the CEO should have a discussion with the customer about the boundaries of the service offered.

Another approach is to charge additional fees to those who want service above and beyond the standard offering.

 

Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.

Let’s go startup something today.

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Direct download: 02.signs_of_a_toxic_customer.mp3
Category:general -- posted at: 5:00am CDT