About to hit 7 months in business, just crossed $500K in billing
As the title states, I just crossed $500K in billing and haven't even hit 7 months since resigning from my big agency and launching my business. This has been the best career decision I could have made and is going much better than I ever imagined. Initially, I told myself I would be happy if I did 400K in year one. It's looking like I'll be around 700K if I can keep doing deals. I started completely from scratch and did not take any of my clients when I left my old agency.
I'm writing this so that I can answer some questions - I will not answer DMs. If you have questions, comments, or want to share what's working for you, please do so in this thread.
The biggest catalyst to my success has been forming relationships and leveraging them. Asking for referrals has been crucial both on the client and candidate side - lots of new leads through referral, and 4 of my placements have been referrals as well.
From a tool standpoint, my annual expenses are around $55K with $42K of that being dedicated to Linkedin. I also spend $6K/year on Zoominfo, around $5K/year on my main BD tool (AI-based mailing service where i own 100 mailboxes).
I have been focused on public accounting with some construction mixed in. It seems like public accounting is slowing a little bit at the moment, and of course January 1st-April 15th or so will be very slow, so I am going to try to get some traction in Legal soon. Any tips would be greatly appreciated.
If anyone has questions, I am happy to answer as many as I can. Please also share what is working for you in this thread and we can all help each other out.