emr
Cheesehead Treehouser
We started our business in 2009 and have consistently grown year after year but we have reached a point where we can't get any more work done without working weekends. One of the big reasons for starting our business was to preserve family time for myself and my partner. We both have young kids and we don't want to miss out on their childhoods. We have updated all of our equipment and trucks and have everything paid off except for our trucks. The company is still just me and my partner. We kicked around the idea of hiring an intern this past summer but decided against it because of the high cost of workers comp insurance. We also kicked around the idea of starting a company retirement plan but both of our wives are maxing out their retirement plans and both have started additional accounts to make up for us not having them with the company.
So, I'm looking to get any input on how others have grown their companies. We can still add some equipment like a loader, maybe revisit the hiring idea, raise our rates, add services, any ideas would be appreciated.
Edit: I should have mentioned above that as a result of our growth and frugal spending, we have had a pretty good two years as far as having extra cash in hand. Our accountant and banker both think that we're crazy for carrying that much cash but we like having it as a safety blanket. This cash is another thing that we're thinking about...... Is there a better way to use it than just keeping it on hand for a rainy day?
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So, I'm looking to get any input on how others have grown their companies. We can still add some equipment like a loader, maybe revisit the hiring idea, raise our rates, add services, any ideas would be appreciated.
Edit: I should have mentioned above that as a result of our growth and frugal spending, we have had a pretty good two years as far as having extra cash in hand. Our accountant and banker both think that we're crazy for carrying that much cash but we like having it as a safety blanket. This cash is another thing that we're thinking about...... Is there a better way to use it than just keeping it on hand for a rainy day?
Sent from my SM-G900V using Tapatalk