My opinion comes from the viewpoint that I want to be retired in the next five years (retired meaning not getting hands dirty anymore).
If you want to build a business that will continue to pay you, when you want some time off, want a 2 week holiday or are going to semi retire - then you have to employ or sub contract, franchise etc. Either way you are handing over the responsibility of the day to day running to another.
With this you will have the head aches that go with this decision, tax, N.I., paying for holidays, equipment being broken, the list is endless.
It is difficult as we have so many variables of different people on here, that are all in different situations and what is right for me may be completely unachievable for someone else, or just not their dream.
There are many on here who earn exceptionally well as lone operators, so can afford to take time off on the understanding that for a holiday period they will not earn but when they kick back in they will be back in the money, these same people may be sticking into ISAs and savings accounts for their retirement. On the flip side their will be the same who do not look toward the future and spend what they get in, as soon as they get it and fail to see the long term picture
You are coming towards a crossroads in your business and the decisions you will have to make will be difficult ones - I say employ, look after your employee/s and they will look after you and with the right people you can build a solid business capable of doing more work as you have more hands to utilise than the one man operation.
Good luck
Rob
