Ask HN: Would you borrow money to grow your bootstrapped subscription business?
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?
If you are up for it, learn a little about designing. Read some design docs and stylesheets. Google, Apple, Microsoft all have good ones.
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.
This site?
I wouldn't waste time on a designer. it looks pretty awesome.
thanks! but the saas business isn't this site. more of a personal project i've been tinkering with.
Is your revenue growing?
Slow and steady growth through organic search + WOM. Haven't tried ads yet. Growing at $100-150 additional per month.