Its been a good number of days since I last wrote. Things have been going good, to say the least – I’ve got enough projects to keep me alive. The only trouble is finding means to overdeliver on these projects.
A friend (an experienced business coach) advised me to stop taking in new projects for the time being. And so I shall. I know I should. Afterall, these projects I’ve secured are good for the rest of the year, at least. Its not a lot of money, but its good for survival. It feels really good actually, to know this.
Anyway, today is already the 10th day of June – an in 20 days time, half of 2009 would be gone. I haven’t started on my bigger personal projects yet, and I should.
I know that if I want my business to “explode”, I need to sell something scalable. Unfortunately, web design and search marketing services aren’t… at least, not easily. It isn’t my ambition to build a massive online marketing agency – not one that requires me to have heavy overheads.
I personally think that is risky business.
Actually, I’ve been very hesitant to heed advice from my business friends because of this. I know, companies typically get big by raising capital, getting more manpower and getting more jobs. But big doesn’t mean profitable. In fact, the biggest companies in the world are in their deepest pits right now. I think being big makes you vulnerable because of the heavy overheads. Small is the new big. Technology has enabled the smallest companies to scale virtually.
But on the other hand, I know I need more than just me. Maybe I’ll get someone to help me by the end of the year. Maybe a partner. No plans yet.
Its quite a challenge thinking about leveraged income streams – how to expand profit 300% but overheads 30%. But I think its doable.
Tags: business plans