Is it Worth it to Start a Digital Agency?

[00:27] Today’s Topic: Is it Worth it to Start a Digital Agency?

[00:38] Neil started out with Advantage Consulting Services.

[00:53] A lot of people start agencies and then parlay it into a software company.

[01:15] It’s a good way to get cash flow for other projects.

[01:54] Eric feels with every new client you ad, the service gets worse.

[02:25] Neil started an agency because he gets so many leads, that he had no choice.

[03:00] However, an agency doesn’t scale that well.

[03:25] Consider keeping your agency lean to insure your cash flow.

[04:40] Expansion is hurting Neil’s profits, but it’s still working for him.

[05:00] It’s hard to scale an agency past $5 Million.

[05:35] It’s not easy to grow an agency in the first place.

[05:47] They don’t generate revenue the same way.

[06:12] Go to this Single Grain page to watch a video about growing an agency.

[06:54] That’s it for today!

[06:57] We hit our goal of 1 Million downloads! So, we will be throwing a free event in Los Angeles. Check out this website if you would like to attend. Remember: we are capping the event at 500 people, so sign up now, if you’re interested!

Is it Worth it to Start a Digital Agency? | Ep. #938