Well, it's 3am in here and I can't sleep.
I've setup an office with a friend/partner from a long time. We will divide the expenses and keep two separate "departments":
His will be devoted to 3D productions (renders, arch. visualization, etc.). He has a client base and a few employees
My problem is that I can't see clearly which way to go, I have two options:
1) Hire a few employees and try to expand my client base to provide Web Development services (that's what I've been doing till now).
2) Devote my resources (time, money) to develop several e-biz ideas that I have had for a long time now.
This is the pro's and con's that I see in each option:
1) Pro's:
-Positive cashflow almost for sure (I have several recurring clients)
-Keep clients so that they don't go looking for other web development providers
Con's:
-At the moment, really time consuming (I don't know if I could automate the business as I would like to)
-Payroll to keep
-Equipment to buy: computers, chairs, etc.
-Higher expenses
2) Pro's
-Less expenses
-More time to develop my e-biz ideas
-Possibility of exponential growth if any idea is successful :fastlane:
Con's
-Negative cashflow (office expenses)
-Loose my client base?
I would really thank advice on this one, specially from the fastlaners on the forum... I'm stuck! :bgh:
I've setup an office with a friend/partner from a long time. We will divide the expenses and keep two separate "departments":
His will be devoted to 3D productions (renders, arch. visualization, etc.). He has a client base and a few employees
My problem is that I can't see clearly which way to go, I have two options:
1) Hire a few employees and try to expand my client base to provide Web Development services (that's what I've been doing till now).
2) Devote my resources (time, money) to develop several e-biz ideas that I have had for a long time now.
This is the pro's and con's that I see in each option:
1) Pro's:
-Positive cashflow almost for sure (I have several recurring clients)
-Keep clients so that they don't go looking for other web development providers
Con's:
-At the moment, really time consuming (I don't know if I could automate the business as I would like to)
-Payroll to keep
-Equipment to buy: computers, chairs, etc.
-Higher expenses
2) Pro's
-Less expenses
-More time to develop my e-biz ideas
-Possibility of exponential growth if any idea is successful :fastlane:
Con's
-Negative cashflow (office expenses)
-Loose my client base?
I would really thank advice on this one, specially from the fastlaners on the forum... I'm stuck! :bgh:
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