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Sounds less like a startup and more like a dev agency or consultancy. Those are worthy pursuits. I run one myself, doing very high 6-figures with very little ov
by tdehnel 5y ago
Sounds less like a startup and more like a dev agency or consultancy. Those are worthy pursuits. I run one myself, doing very high 6-figures with very little overhead (15% maybe). It’s a great lifestyle, very little risk.
My advice would be to scale fast. Hire subcontractors and productize your offering as quickly as you can. Never do hourly work, retainers only. Come up with a subscription product you can offer. Hire a tax accountant immediately and press them on ways you can lower your taxable income. Have a plan for when your income greatly exceeds what you ever thought it would be.
You’re on track to true independence. You never have to work for somebody ever again. You got this.
- davnn 5y ago> My advice would be to scale fast. Hire subcontractors and productize your offering as quickly as you can. So.. then you are back to the startup idea? I don‘t think that works for a lot of consultancies, does it?
- tdehnel 5y agoI’d suggest considering why you think scaling fast is a “startup” idea and not just a profitable business tactic. In my case scaling fast meant bringing on 3-4 subs who could knock out a standardized set of deliverables that I created and trained them on. I did that within a year. I’m sure there are exceptions but I think most consultancies could do this.
- tchock23 5y agoDo you have a blog or anywhere you share your story on this? I’d be curious to learn more about your experiences.
- moltar 5y agoI’m on the way to doing what you do. Would love to connect to learn more about your path and get some advice. Would you mind?