Yeah, as an employer I made much more money. It was also very stressful, as managing people can be quite a hassle. I much prefer being self-employed without employees.
Yep. I've been running a 1-man software business for 19 years. I could have taken on employees and made more money, but made a conscious decision not to. I don't regret it.
You could also fail completely if employed some people. Adding employees doesn’t necessarily equate with adding revenue, but 100% equates with adding cost. As a fellow solo business owner for 19 years (hi!) I’m sure you understand this, but few posters on this topic seem to to think that additional employee is a guaranteered profit. It’s especially dangerous when bad times come and you’re reluctant to lay off people.
hermitcrab|1 year ago
grujicd|1 year ago