INTRODUCTION
Few days ago I've published quite a long post ("ROAD to 1 million HIVE POWER - long term project for 2020 and 2021 ") in which I've shared my concerns related to future operation of Project.hope community.
My goal was to underline risks of depending on few large stakeholders (whales) and I pointed out, that losing it could have enormous and very negative impact on PH. If one day TheRising (with it's 450k HP) would stop supporting our curation trail, then all authors would suffer solid loss in rewards. There would be also less funds coming to ph-fund (community budget) and that would efficiently result with me being forced to lower PH weekly support towards our core team.
It would also force me to reduce amount of users I'm being able to support with solid upvotes.
In other words: things could get ugly.
SOLUTION
I've shared initial solution with group of most active PH members, hoping to collect some valuable feedbacks. And as always - you guys proved again to be amazing. Amount of intelligent comments and support I've received (from most of you) towards suggested solution has been more than satisfying.
Today, I would like to share with you all some story from my private life, which I found to be a solid WARNING to me and reminded me greatly of this particular issue and our discussion.
Hope I got your attention :)
DON'T PUT ALL EGGS IN ONE BASKET
We all know this saying. However, how often do we realize that we just again repeated this mistake? How often can we judge what we do and ensure that we're not falling into this trap?
Just yesterday, I've learned that my close family member's business has been greatly affected in a negative way - simply because major client decided (all of sudden, with only one week notice) to cut their expenses and completely stop using services provided. Out of the blue - over 70% revenue created from this particular collaboration is gone.
In just a matter of day, things had changed dramatically for this family member of mine and future turned from "stable and comfortable" to "uncertain and stressful".
HOW TO AVOID GETTING IN SUCH A SITUATION
It's definetly easier say than done, isn't it?
Imagine starting up a business and finding few initial customers, out of which one or two are becoming BASE of your future revenue. How often does it happen? More often than not - instead of seeking new clients, we're focusing all our efforts on satsifying this one. One that is creating most of our profits.
How to avoid falling into this sort of "trap"? Does anyone here ever had similar experience and would like to share it with me?
WHY AM I BRINGING UP THIS STORY?
By now it's probably very obvious, that I'm sharing this story to underline how important it is to ensure long-term stability for project.hope and that I see it even more important than before to follow up solution, which I suggested in "ROAD to 1 million HIVE POWER - long term project for 2020 and 2021 ".
GOOD NEWS is that we've already managed to dlease 280k HP to ph-support (out of 200k HP just weeks ago). Our initial target was to grow to 400k HP by december, however if we continue with this speed, then we may reach 500k HP (half million) before end of this year.
IMPORTANT NOTE:
I would like to remind you all to start setting up 50/50 reward split on your future publications posted within PH -> but ONLY on HIVE.
I've noticed that some members did set up 50% beneficiary to ph-fund also on Steemit. It's very generous of you guys, however right now we're focusing on growing on HIVE only. Simply because dlease.io on Steemit is "dead" (hardly any traffic).
DO NOT RESTEEM
Please, do not resteem this publication.
Yours, Piotr
cc:
@unbiasedwriter
@tfame3865
@josevas217
@mintymile
@juanmolina
@alokkumar121
@alexbalan
@achim03
@luckyali
@reeta0119
@amestyj
@carlos84
@samminator
@gbenga
@lanzjoseg
@alvinauh
@trabajosdelsiglo
@lupafilotaxia
@franyeligonzalez
@mandate
@haidermehdi
@thetimetravelerz
@fijimermaid
@rbalzan79
@hardaeborla
@sandracarrascal
@hassanabid
@machnbirdsparo
@emiliomoron
@valchiz
@ramsesuchiha
@davidke20
@tomoyan
@joelagbo
@paragism
@mintymile
I saw this post and although I wasn't copied, I guess i saw it because i am following coach.piotr. I will like to join in this and give 50% Beneficiary. I will appreciate if I am allowed in.
Dear @eni-ola
It would be much easier to support you if you would check your discord every now and then communication wouldn't be a problem (which it is right now).
Obviously, if you would set up 50/50 reward split then I will gladly drop solid upvote using ph-support and I will gladly have you on-board of this initiative.
ps.
IS @eniola1990 your new account?
Yours, Piotr
I can't say that how much i am excited to see 500k HP target achievement. Together we can do it by supporting each other. I can't define your support in words. Thanks to bringing this super initiative for this thriving community. Great leadership.
hello @coach.piotr
It is good news that there is already an increase to such a level of HP.
So, I am sure that soon the support will be sustained and increased.
I believe that even that million HP could be exceeded very soon.
With the effort of all, or most, of us, that sustainability will be achieved.
I am already setting my posts to 50/50.
By the way, I'm sorry about that setback from your family member. But it is a great lesson.
Greetings friend @crypto.piotr, in the writing you have just shown a reality to which we are exposed when we depend on only one person, or when we depend on only one salary.
In my particular case I depended a lot on my university teaching, without any doubt I love it and that is why I refused for many years to do other things, when the economic situation of my country became more and more difficult, I began to experience difficulties because, I had no other source of income from which I could support myself. Today, I have learned that I can accompany this great profession, teaching, with other activities that will provide me with stability in the future and with this, achieve a balance in the face of any eventuality.
For this reason, I am sure that the decision to increase our financial base in the face of any eventuality with any investor is the best thing that can be done. I appreciate the sincerity with which ideas have always been transmitted, since information to the collective will always be of great value to make great decisions.
I appreciate the confidence that everyone has given me and especially my friend @piotr, I am sure that the results will be satisfactory.
See you later and have an excellent week !
I think that the people within project hope are simply amazing. Everybody is willing to contribute to make this project develop and become self sustainable. In the long term it's profitable for all of us.
Wow! This is some really good news to know that we are making amazing progress. I must salute your efforts. I know that very soon, we will hit the milestone of 1million HP
Okay. Noted. I'll do it from the next post.
Right... thanks for the update, we shall grow together the ph.fund community, I am with you in this!!
As with @eni-ola I’m also keen to support this initiative and hope that the supporter list is open to new additions :)
I was able to read this finally.. let's get it rolling 🔋
It is very sad about your family member, something similar happened to me in the past, I did not look for commercial diversification and when changed the rules of the game everything fell apart, it seems to me that PH is on the right path, thanks for everything and count with my support
I am sad for the loss but your plannings are much greater. I am very sure that we are not falling into such a trap until we have you as mentor :p
We are very quickly moving towards our target and i am very sure that by december, we would surpass the target and get much more.
Wish to grow with this community and would continue wishing for it :)
My support is always there. You can count on me :)
Thanks a lot for the kind mention.
Yours, @haidermehdi.
Hello @coach.piotr
Glad to know that we have achieved 280k already and moving further to make 400k by Dec end and even there is a high possibility that we make it 500k. Such updates are amazing because they let me know that PH is moving ahead and growing and this is what we all want.
Thanks for sharing this nice update and I am looking forward to the next milestone. Have a great weekend.
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Great initiative .i would definitely try my best to be part of this project