Is scaling up or accepting a cap on your revenue your only options? How are you currently billing? Hourly/weekly? Have these rates really been maxed out?
I've been a part of and seen multiple consultancies that have crapped out because they tried to convert between a single consultant to a devshop too soon. A big reason is the thought that you can somehow avoid issues with a good run rate or savings (which is sometimes conservatively advised to have at least 30K in the bank per new hire). Don't get me wrong, cash will still come in but you will suddenly find yourself managing the quality/work, expectations, and livelihood of another person. A good first step is to hire a on shore consultant (to mitigate the possible communication gap) and see how that affects your bottom line and overall quality of life.
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Is scaling up or accepting a cap on your revenue your only options? How are you currently billing? Hourly/weekly? Have these rates really been maxed out?
I've been a part of and seen multiple consultancies that have crapped out because they tried to convert between a single consultant to a devshop too soon. A big reason is the thought that you can somehow avoid issues with a good run rate or savings (which is sometimes conservatively advised to have at least 30K in the bank per new hire). Don't get me wrong, cash will still come in but you will suddenly find yourself managing the quality/work, expectations, and livelihood of another person. A good first step is to hire a on shore consultant (to mitigate the possible communication gap) and see how that affects your bottom line and overall quality of life.