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Running your business

Working Solo vs Starting a Firm

The pros and cons of working solo vs building a firm.

EPISODE NOTES

The pros and cons of working solo vs building a firm.

Are you thinking about building a firm? Rochelle and I explore the pros and cons from every angle on this week's show.

Talking Points

  • What's the difference between a building a firm and hiring support staff?
  • Can you grow a business without hiring junior employees?
  • How to decide which approach is right for you.
  • Are there ways to experiment with building a firm without betting the business on it?
  • What are the differences between hiring contractors and employees?
  • Don't let the market turn you into something you hate.

Quotable Quotes

  • "When you're playing with other people's lives, small leaps are better."—RM
  • "If you're not ready to fire someone, you're not ready to hire someone."—JS
  • "To build a firm, you need cash, patience, and humility."—RM