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A few questions: Is the business generating income? If so, how far from breakeven if you do some combination of cut staff, increase prices, or similar? Is there
by czbond 9y ago
A few questions:
Is the business generating income? If so, how far from breakeven if you do some combination of cut staff, increase prices, or similar?
Is there any way to pick up enough side income - can you sell any consulting to your existing customers along the line of business?
Have you taken in any funding?
- mfrye0 9y agoI'm in kind of a unique situation. My last startup was too many founders and gave up all the equity for an early fund raise. So I decided to go solo for this one and bootstrap it. Since I'm bootstrapping, I haven't had funds to hire anyone. So I've been giving equity to friends to help part-time and then hire contractors for stuff as needed. I've already cut down all expenses to bare minimum. I'm generating income and almost there on breaking even. I think a couple more decent sized customers will get me there. I've been doing some consulting and custom dev, which has helped, but it's been as needed type of stuff.
- deleted 9y ago[deleted]
- MattLeBlanc001 9y agoWhy not hire your part-time friend to take over from you full time, while you can try the 400k gig for a year or two.