If you freelance, there are three ways to earn more: work more, charge more, or hire. A few years ago I made a spreadsheet to model charging more vs hiring some

If you freelance, there are three ways to earn more: work more, charge more, or hire. A few years ago I made a spreadsheet to model charging more vs hiring some people. The problem with hiring is that you have to spend a lot of time on unbillable work, and also suddenly you have to sell enough projects to keep 3-4 people busy. The risks are higher and you might need to hire 3 others just to break even. I decided that I would focus on just charging more. :-) But I've also started a small partnership with two other excellent developers, and that has been working very well. I don't have to manage anyone, but I have help when I need it. And as a firm we avoid some of the "market for lemons" freelancer stigma, so we can charge more. Also with 3 of us the chasm to eventually hiring others is maybe easier to leap. I think this is a great way to go!