Jumping Ship
Out of context: Reply #12
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- monNom0
when you say "your own agency", is this an agency of one? or do you have employees?
If it's just you, you probably need a partner or two with some business/accounts talent. Taking a CD role may be a good way to bump into those people and start making connections. But if you already have some connections, reach out and see how interested they might be in co-ownership.
If you have employees, your jumping ship is going to have a ripple effect on all those people. It's a very different decision when you're taking away other people's jobs. You should take a long hard look at why you are losing money, and take steps to fix that. And if there are areas you are not good at, by god hire that talent! Offer equity if you need a senior person and can't afford them. If you need near-term funding, seek it out from the bank or investors or new partners (make sure you have a buy-out clause). And if you already have those people in place, and they're not delivering. Hold them accountable and let heads roll if they need to.
Some seriously stupid people run successful companies. Their key to success is they've usually hired some smart people to get the job done.