Some considerations... If you stay a one man shop, you call all the shots. You get a great job offer tomorrow, you can take it without having to dissolve a company. You don't have the headaches of overhead and salaries and benefits and and and...
On the flip side... If you hire a few people you can take vacations and be covered... take bigger projects that you couldn't handle as a single... make money from other people's billable time. I've gone back and forth on this one myself. >Hi All, > >I'm faced with an interesting decision. > >A couple of years ago, because of an incredible stroke of good luck, I >landed a really good client. The client has become such a good client that >they now keep me going 40 or so hours a week (sometimes more but rarely >less). Given my hourly billing rate and the cost of living where I am at, I >make a very comfortable living - I wont be running out to buy a yacht any >time soon, but it pays the bills, puts food on the table, and puts a little >in the retirement fund at the end of each month. > >The only thing that makes me nervous is that because of the amount of work I >do for them, I really don't have time to prospect for new clients and having >all my eggs in one basket makes me a little nervous, even if it is a pretty >big egg. > >I've talked to a local funding agency and given all the factors involved >they are willing to lend my company up to 125K CDN to grow the business. The >cash would allow me to hire the staff I would need (a graphic artist and a >sales person for starters) turning my one man band into a start up company. >The way I see it I have three options: > >1) Stay a one man band >2) Try to grow without funding >3) Take the funding and hire staff > >What would you guys do if you were faced with this scenario? > >Thanks, >Duane ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Message: http://www.houseoffusion.com/lists.cfm/link=i:5:207621 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=89.70.5 Donations & Support: http://www.houseoffusion.com/tiny.cfm/54
