What the &!*$@ am I suppose to do?
I'm pulling my hair out. Last week I blogged with the title, "What to do with all this money?",but now I need to double payroll. I'm not worried because I'm sure it will work out for the better, what ever happens.
The issue I'm having is the fact that I'm actively working on a strategy to expand our business and it's exhausting. I just want to go home but instead I'm compelled to stair at the office wall and do what most entrepreneurs do..... Think of new ways to scare the hell out of everybody...SPEND MORE MONEY....hehe haha
OK...Here's my plan
Step #1 Figure out if my products and services are needed outside of a 100 mile radius of our office. (This step is completed)
Step #2 Build a team that works their tales off for little money (This step is completed)
Step #3 Demand loyalty!!!!! (Not sure if my team cares if I demand anything..lol)
Step #4 Create enough work so that the current team is busy all the time (Complete)
Step #5 Develop markets outside of our immediate area (Completed)
Step #6 Tweak the team until they are self sufficient and on auto pilot (Completed)
Step #7 Get bored and start a blog (Completed)
Step #8 REPEAT
I want to create a new team because I think we can effectively replicate ourselves for a about 1/10th the cost as the first team. This means adding potentially $3-$5 Million in revenues for less than 300K
Stacie and both agree that this can be done but we need more capital to get started because the current team really costs a lot to operate. My question is when do you make the leap and just do it?
It all looks great on paper but are we ready? Seems like a no brainer
This blog isn't a plea for money...the truth is that Advergents isn't open to partners. What we need is to really pour through the numbers and then make a wise decision.
Last Friday we were told by a large company that has analyzed our industry that we were ahead of all of the competition. This was a morale booster and we were excited.
Advergents needs to take this step...It important to the overall goal of helping our customers and changing an industry.
Monday, March 1, 2010
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Well why not hire part time people that could go eventually to full time to keep the cost down till you get that capital.
ReplyDeleteThats not a bad idea
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