Re:Employing Others Is Linked to Wealth and Wellbeing
by hermitcrab on Saturday April 13, 2024 @02:38AM
(#40021045)
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.
[ Parent
| on HN ]
Re:Employing Others Is Linked to Wealth and Wellbeing
by grujicd on Saturday April 13, 2024 @03:16AM
(#40021183)
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.
Re:Employing Others Is Linked to Wealth and Wellbeing
by hermitcrab on Saturday April 13, 2024 @03:22AM
(#40021207)
Absolutely. My main product is an event seating planner (PerfectTablePlan) and my sales basically went to zero during the pandemic. So glad I didn't have any staff to pay/fire.
Re:Employing Others Is Linked to Wealth and Wellbeing
by 082349872349872 on Saturday April 13, 2024 @04:42AM
(#40021542)
One useful take away from the time I was bored enough to let MLM people attempt to pitch me: "the only thing worse than having a business with only one employee is having a business with more than one employee"