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Ask HN: Would you borrow money to grow your bootstrapped subscription business?
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2 points
by podingx
3175 days ago
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I've gotten an offer for an advance on my recurring revenues ($3k MRR) and would need to repay the loan by giving up 5-10% of my monthly sales until it's paid off. I could use the cash to pay for some design help, but not sure if I should just wait until my business generates enough money to hire a designer. Anyone have experience with this? |
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By learning, you may be able to go a little longer without a designer. And when you need a designer, you'll be able to participate more.