The Business of Authority

Working Solo vs Starting a Firm

Episode Summary

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