A business broker I know suggested I write about the danger of a virtual assistant having only one client. Many virtual assistants would agree that they want more than one client. However I do know of VAs that only have one client because they get 20-40 hours work each week from that one client. That's wonderful!
The one drawback to having just one client is - what happens if you lose that client? You've just lost your entire business. So even if you are working 20-40 hours per week for one client, consider adding a couple of smaller clients to your client base.
You may think you can't take on additional work when you're already working 20-40 hours per week for your one client. This would be a good time to get to know another virtual assistant that would be willing to sub-contract for you. There are other advantages to building a relationship with another virtual assistant also and we'll discuss that in a future post.