“Should I stay a solopreneur or should I build a full-fledged firm (or an agency or a company)?
This is a $100K question.
Why $100K?
As I’ve explained in my previous post, “The Ultimate Roadmap: How to Instantly Reduce the Amount of Uncertainty in Your Entrepreneurial Journey,” you can make up to $100K without a solid business model or structure or even a clear long-term vision.
You don’t believe me?
Well, all I can tell you is that I’ve seen countless amounts of people who have done it. Either you take my word for it, or don’t believe me. Your choice.
But here is the thing. Once you reach this revenue mark consistently for more than 2 years or so, possibly up to $200K, you will have to face a question like this one to gain clarity on “where to go from here?”
The good news is this is great timing to ask yourself this question for 3 reasons:
1. You have enough confidence at this point that your business generates revenue. In other words, you have your proof of concept down.
2. It’s unlikely that you are in a dire, survival mode, so you can spend some quality time making a sound business decision.
3. It’s not too late to clean up your business that grew organically, without a massive cost, to mold your business into your desired version.
To top it off, I’m making this outlandish claim that you will be able to make this decision in under 1 hour after reading this post.
Yep, you heard me. Under 1 hour.
Any successful entrepreneurs you may look up to will tell you this, your business growth is heavily dependent upon how fast you can make sound business decisions (and take required action accordingly.)
It’s because being stuck in the space of indecisiveness is the silent killer of all businesses as it causes stagnation. Money, in case you didn't know, loves speed and hates stagnation. This is why I’ve designed this post to ensure that you will be able to make a quick but solid decision for your business.
Here’s the spoiler alert: