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Abandon profitable one man company?

4 pointsby erkkenalmost 6 years ago
Hi. I have since about 5 years been running a self funded B2B SaaS, with around $150k ARR. With marginal costs, it gives an ok income. I have done all the development and sales myself - not because I like to work by myself, it&#x27;s just that I haven&#x27;t had a need for assistance so far.<p>However, I feel the market (quite niche product) is being a bit saturated and I have quite a few competitors as well which are much larger in terms of team size. Still, huge corporations choose my solution because they like it more.<p>Some Fortune 500 companies run it on a daily basis.<p>The thing is, I miss colleagues and I have lost a bit of my motivation and drive since I have come to the understanding that it won&#x27;t grow much more.<p>That&#x27;s also why I do not want to take more people on board.<p>I&#x27;m thinking about just quitting and doing something else or maybe joining a corporate instead (basically just to get some colleagues). Also the feeling of working for something together as a team - and the feeling of being needed. I have outside of work a social life with family and friends, but as soon as I am working I feel a bit lonely. Working in a coworking space is nice, but the problems I face now and then at work are still my own so to speak.<p>I do not expect an answer because I guess only me knows what I want, just wanted to see if others have been in this situation?

3 comments

JSeymourATLalmost 6 years ago
&gt; Also the feeling of working for something together as a team - and the feeling of being needed.<p>Consider a joint-venture. Combining forces with another firm to provide additional products &amp; services to your clients.<p>On this subject, Jay Abraham is masterful &gt; <a href="https:&#x2F;&#x2F;www.goodreads.com&#x2F;book&#x2F;show&#x2F;6515635-the-sticking-point-solution" rel="nofollow">https:&#x2F;&#x2F;www.goodreads.com&#x2F;book&#x2F;show&#x2F;6515635-the-sticking-poi...</a>
rishirishialmost 6 years ago
Don&#x27;t abandon it and don&#x27;t sell yourself short to a large corporation. If you are needing to be surrounded by a team, then let&#x27;s chat. I also loathe going solo on a project for similar reasons. Over the past few months, I&#x27;ve been able to manufacture a schedule that has opened up a lot of time for me to explore serendipitous projects.<p>Hit me up.
ytNumbersalmost 6 years ago
Figure out what exactly you want to do after you end your solo lifestyle. Once you&#x27;ve done that, then sell the business. It should net you a tidy sum. If your heart&#x27;s no longer in it, then sell it to someone who will embrace your SaaS with gusto.