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A non-financial suggestion: > I have no desire to expand the operation for many reasons. I’m perfectly happy working on it full time myself and don’t want to
by nlh 5y ago
A non-financial suggestion:
> I have no desire to expand the operation for many reasons. I’m perfectly happy working on it full time myself and don’t want to change anything.
This is a GREAT attitude. Don’t let others sway you from it. When seeking advice about situations like this, it becomes very common for folks to recommend what is typically taught of them in a growth-oriented society like we have. You’ll get lots of people telling you why you should grow, expand, reinvest, etc.
This has meant the death of some really terrific products. Growth for growth’s sake is a tempting dragon (I’ve fallen for it!) but stick to your guns here. You’ve got something great, so keep it great just the way you like it.
Do take note that complacency can be risky though - another commenter pointed out that situations like this don’t necessarily last by default, so stay aware of your competition and don’t fall behind. But congrats on building something profitable and great, and I wish you the best in keeping it that way!