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My small agency has done $650k+ in revenue in 2.5 years, but I am feeling burnt out and wanna exit. Am I being impatient? (alien.top)

submitted 1 year ago by imhashir@alien.top to c/entrepreneur@indiehackers.space

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I always wanted to build a software development agency. I have a team of 25+ people, having a stable Upwork Agency profile with the revenue I mentioned above, but I am having a hard time scaling the sales more.

I know if any other US or European agency Acquires us, they'll have the benefit of getting cheaper labour, having a team which is well trained in talking to clients, closing leads and delivering projects. Plus I have rented and furnished a whole physical office where people come on daily basis to work. So they can have it all.

With the client base they can find in US and even with our already well reputed Upwork profile, they'll be able to secure a lot more projects.

You ask, why won't you be able to secure more projects if the profile is that good? Because it's a Pakistani profile. Not sure how unaware you are from reality, but there exists a certain bias towards India/Pakistan/Bangladesh/Nepal. They'll create their individual US/EU profiles and be added to Agency as owners, and it'll become a US profile, Top Rated Plus, Expert Vetted, with all good reviews.

What should I do? Should I find someone to acquire? Will anyone be interested in acquiring us and for how much?

Another fact, we have been profitable for every month. The cost is hardly $10k-$18k per month and the revenue per month ranges from $23k-$35k, and that's in the time when there's a lot of news of recession.

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[–] essuwrites@alien.top 1 points 1 year ago (2 children)

Great success, Hashir! Your Paki bhai here.

Have you tried outreaching and offering to become a partner agency of successful ones in the UK, US, Europe etc ... You have got a strong Upwork profile that you can use as a proof.

The reason I'm suggesting this idea is because an agency I'm currently working with (I'm a copywriter) does this.

And it seems to be working pretty well for them.

[–] imhashir@alien.top 1 points 1 year ago (1 children)

Thanks Bhai!

That's a good idea. Tried that once and went great for us. Haven't been able to find any good partners after that. Planning to try again and actually reaching out for past few weeks as well. Will be trying more as well

[–] essuwrites@alien.top 1 points 1 year ago

Good luck bhai wish you more success!

Outreach is a numbers game.

Try to relax and be on it.