I have a government contacting business and am struggling to find the balance between doing sales for my day job (which is supporting my family and providing great insurance) and selling for my business which is also a demanding process. I’m thinking about hiring a 1099 sales person working straight commission with a tiered approach (20%, 30%, and 40% of margin) based on hitting certain sales goals. I’m in a lucrative industry where the average contract is ~$200K and last 18 months with good margins for the construction industry.
What are your thoughts? This is eventually my corporate exit strategy but going full time right now is completely out of the question with a couple kids and one being a newborn. Can y’all help me think through this?
Yes, hire! Sounds like you have found a niche that you can grow and scale and that you have a pain point. Keep hiring 1099 to keep the momentum going until you can exit your day job.
I absolutely have. In fact I feel into it at my old day job.