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I’ve run a 15-person agency for 14 years (bootstrapping), and the stress can’t be underestimated. I know plenty of agencies who have either switched to product
by matthewcford 3y ago
I’ve run a 15-person agency for 14 years (bootstrapping), and the stress can’t be underestimated.
I know plenty of agencies who have either switched to products or just sold up / closed.
Using associates is a good option if you have a good network, however, it can be just as stressful if they don’t deliver.
- devoutsalsa 3y agoI had 15 people, including myself, at one point. I wasn’t terribly good at marketing, and all of our business was word of mouth in a cyclical industry. It was always stressful to not know where future business was coming from, and the overhead meant I often kept less, rarely more, than I would have by just remaining a solo entrepreneur.
- j45 3y agoPaying wages can be a less well known side of wage slavery. An associate model is great, allows everyone flexibility and participate in killing what they eat along and together
- commonlisp94 3y ago> switched to products This is always a temptation for agencies which almost never works out. They underestimate the effort to build a product. They also typically don't have the skill or experience to build a high quality product that can compete with the whole world.
- matthewcford 3y agoPerhaps, I know around 5-6 agencies that have made this work. I don't think they underestimate the effort or lack the skills; the issue is trying to do both - grow the agency and launch a product. The ones which made it either split the agency or stopped doing client work.