CHICAGO, June 16, 2016 /PRNewswire/ -- As many as 42 percent of independent developers, software programmers, and other small IT businesses earn most of their revenue from a single client, according to an eBook published today by TechInsurance, the nation's leading online insurance agent for small tech companies.
The eBook, "3 Common Habits that Bite into Startup Profits," offers insight based on analysis of more than 10,000 small IT businesses. It identifies ways profits can be hurt by three practices frequently reported by this group: working from home, being a solopreneur, and relying heavily on a single client for revenue.
"Three-quarters of our customers run their businesses from home," said Ted Devine, CEO of TechInsurance. "That can be a major cost saver, but it can also threaten productivity and limit access to professional networks. When we notice that a lot of our customers are exposed to a very specific risk – even if it's not the kind of thing that can be covered by an insurance policy – we look for ways to educate them about managing that risk."
The book includes insight from technology entrepreneurs familiar with the practices reported by TechInsurance customers and offers guidelines for how business owners can modify their behavior slightly to greatly increase their odds of staying in the black. One helpful tip suggests a technique for landing the "small potatoes" jobs worth $10,000 to $20,000 that larger tech agencies pass over. Another suggests a strategy for maintaining productivity at a home office.
Developers, programmers, and other tech business owners can also benefit from the book's checklist of nine actionable steps to increase the odds of profitability. The eBook is downloadable as a PDF and viewable as web pages here: http://www.techinsurance.com/resources/ebooks/startups/.
TechInsurance is the nation's leading online insurance agent for small IT businesses. It offers liability insurance and educational resources for IT professionals and their clients.
CONTACT: Mark Meadows, 1-302-353-8258
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