My friend runs a creative agency with annual profits at about $700k. We wants me to join him to manage investments and grow/diversify the company away from creative production. Do you think this would be a viable opportunity?

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There is potential there. Mixing friendship and business always carries some risk. Communication and understanding exactly what everyone is thinking would be key. Would you be making outside investments or creating different service lines for the company? It is an interesting opportunity, and it would also depend on how much skin in the game I had.

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Ditto PO1 about that $700k.

Also, make sure you peel that back another level and ask how they’re creating that margin: Do they have healthy “profits” because the founders are slaving out all the work themselves to create the biggest possible take-home? If so, there’s a negative zero percent chance that biz is scalable.

Or are they actually generating that profit with systems and staff that still leave them a healthy margin after operating expenses?

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Yes but have agreement on paper

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What does “away from creative production” mean?

What is the company's net profit? 700k profit could be a lot or very little.

It sounds like an opportunity if you are interested in and visionary about this kind of growth.

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700k is pre-tax cash flow.

I wonder how an additional annual salary could be justified in this case… how the economics would work

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Lmk when you’re hiring strategy leads! 🫣

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For the agency? Now

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Hmm how was the offer that you got? That sounds like a lot of money but it can very quickly be spent. I would find out what the offer is if you haven't already.

I could add paid media buying function immediately for no out of pocket cost and strong margins.

If I were you, I would accept that and so you can start building a future for your family. Don't hesitate any longer and start now.

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