Stay in-house tech or start an agency?

My total compensation is $200k, I can go for CD roles and gain more in the near future.

I’ve been itching to start my own agency, but fear I won’t be able to generate as much wealth. Feeling them golden handcuffs… anyone gone through this?

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Why would you enter into a low margin industry at a time of economic uncertainty and talent shortages? Seems risky.

likesmarthelpful

Starting an agency is brutal right now unless you have a client from day 1 and some klout in the industry.

If you dont have either of those working in your favor I’d stay in-house.

likesmart

Yes starting your agency: you need money (investment), partners, clients, and there will be absolutely no WLB. It’s exhilarating to build your name out there but the trade off is copper handcuffs for years, but with a slight chance of having it lead to a chest of diamonds one day if you sell it to a holding company. (To continue the analogies ha)

If you have a track record of having grit/resilience, some talent, are sociable (you’ll need to ask a lot of favors so you better be likable), and are naturally a workaholic, that’s a great path for you. Those are the common traits of anyone I know who’s started—and maintained—a venture.

If not, stay in house and have a side hustle to test the waters, and see where that leads you

like

👆 IBM and A&LCC1 are 100% correct.

Assuming you clock out at 5 or 6pm, if you’re looking for extra $$$ then simply use your free time to start freelancing on the side.

A long term relationship may develop down the road where you can launch your own shop. Either way you won’t be jeopardizing your current income. Good luck.

likesmart

If you have the itch you have the itch! You are a CD? You can go “back” to freelance if it doesn’t work out. I see “risk” as working for a company who can — and will — fire you without blinking. Bet on yourself, tighten your belt and freaking go!!! Good luck!!!

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Thank you everyone for the sanity check! 🙏

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I wouldn't start an agency unless its an agency of 1!

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