Discuss growth issues like outsourcing, hiring employees, selling overseas, maximizing your time, moving into an office, and more!
Moderators: Evan, GT Bulmer, David Hurley, Trent Brownrigg, MichelleJ, Mal Tindle, drdony
I was just thinking about my own Graphic Design business and how I've made risky decisions in the past. One of these decisions involved taking on a long term, full time contract at the expense of losing new and existing clients for the next 2 years, as well as having to satisfy existing clients on the weekends. Would the contract kill my entire freelance business after 2 years? Would it be worth it?
As I'm nearing the end of the 2 year contract and I would have to say that it's paid off. This is because I managed to run my own business on the side (weekends) to retain most of my existing clients so when/if I decide to go back to full time freelancing I won't have to start from the beginning again.
In saying this I would like to know of any risky business decisions that you have made and whether it paid off or not? My 2 year contract decision did pay off but I also lost two good clients because I did not have the time to efficiently satisfy their requests.
- Vice President - Level 6
- Posts: 203
- Joined: Tue Jul 03, 2007 1:50 am
- Location: Perth, Western Australia
- Favorite Business Book: Your Marketing Sucks
- Favorite Entrepreneur: Guy Kawasaki