We’re at an interesting place right now at Carson Systems. Up until now, we’ve been very conservative with our cash flow and not hired until he we had more than enough money in the bank.
However, we’re in a place right now where we know that if we hire two more key people, the business will really go crazy and grow even more. But here’s the catch: cashflow will be a little tight.
Normally, we’d sit tight and wait till there was more cash in the bank. However, Gill and I had a talk and we feel that the company is actually being held back because we’ve been too conservative. We’re going full steam ahead and hiring two folks (a designer/front end developer and an events manager).
It’s a tough call. It’s a bit uncomfortable, but we know it’s the right thing for the biz.
If you’ve faced a similar situation, please share! It would be interesting to see how you all make your decisions on things like this.