In my experience with my little company, I've learned one major item. You need a marketing technique that is dead nuts reliable. If you know that you can do x and get y revenues, you can plan a budget around that and hire people or spend within the budget. If you dont have x that gets you y, your purely gambling. Why gamble with your livelyhood?
So, what I'm saying is, if you can replicate whatever you did to land your client, then consider it. If not, learn how and use contractors in the interim. An additional consideration is that your JUST living comfortably with this client. So, you have to ask yourself if this is a good business process. If you can clone this client, then hire someone to service that client, you'll have to pay that person a reasonable salary and all the overhead of having an employee which could easily equal the "living comfortably" additional income from this client. Plus you'd have to manage that employee which will eat much of your time. I'd suggest knowing that you can make at LEAST 2-3x the cost of that employee before you hire and that you have have business to keep employee working 75% of time. It seems you have a really good client and trust me. They are not all really good. Some are quite crappy! DRE On 5/26/06, Robert Everland III <[EMAIL PROTECTED]> wrote: > > I think part of your problem is that you have grown comfortable to the > style of living this client has provided you, therefore it's very difficult > to see yourself scrapping by to try and hire people without getting funding > from somewhere. Do you think you could manage to hire a sales person without > getting a loan? The best scenario would be to get a new client and use that > money to help fund other employees. You don't want to get a loan unless you > absolutely have to. And considering you were able to get a client that pays > you a comfortable living now I don't see why you wouldn't be able to do > that, you've already done more than the majority of us have been able to do. > I think if you exhaust all of your options and you absolutely can not get > another client without having a dedicated person out pounding the pavement > then you should bring in a sales guy, but I would still wait to get a > graphic designer or be even hesitant to bring anyone on full time unless I > had a contract that paid their salary for a specific amount of time. You > could get some contractors, or get a sales guy that works for a higher > comission rate. > > So basically I am saying this, don't get in debt unless you have no other > way. > > > > Bob > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Message: http://www.houseoffusion.com/lists.cfm/link=i:5:207605 Archives: http://www.houseoffusion.com/cf_lists/threads.cfm/5 Subscription: http://www.houseoffusion.com/lists.cfm/link=s:5 Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5 Donations & Support: http://www.houseoffusion.com/tiny.cfm/54
