Tuesday, 7 June 2016

Inheritance + Skill Set

 

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I'm 25 years old, and have been building up a design agency for the last four years. We provide identity and web design services for well-established brands. Our more recent projects have been in the range of $20-30k and typically last around 3-6 months. My dream has always been to provide creative services for the world's top brands, but I understand this is largely dependent on having: #1 the right relationships, #2 the right portfolio, #3 the right team.

I've recently discovered that I will soon be inheriting a large sum of money from a family member, and I'm trying to figure out the most effective way to invest these resources in my business.

So far, my ‘top’ idea has been to invest in startups by offering valued creative services. This would allow us to have essentially ‘internal’ projects that would strengthen our portfolio and help build (ideally) sustainable businesses.

Do you see any vulnerabilities/flaws with this strategy? How would you invest in a design agency?

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