So you are billing out 110k a year which is 733 or less hours per work a year.
Somewhere between 110k and 733 hours of labor is an asset you are just looking to throw away.
If you look at subbing it out to someone else(though they get full source, i mean they have to) and if you pay this/these guys 60/hr, you are looking at paying out around 44k-ish a year plus lazy bloat so probably 60k a year.
which basically means that you need to put processes into your system where you can sub yourself out as needed and someone else can handle this. Support requests and RFQs going to your personal email aren't conducive to this. Using things like zendesk, some other support app etc would be really beneficial.
So really you have 25k a year + a hose of consulting money you can divvy up/spray around as you see fit.
You really have something cool here, you should value it correctly. People buy jobs all the time, isn't that what college is all about?
Excellent point and I hope webdev2010 pursues it. I'd just like to add a cautionary note that shifting a business to this footing takes time and that in all likelihood there will be bumps in the road. But having a relatively large relatively passive income while at grad school would be totally worth it.
Somewhere between 110k and 733 hours of labor is an asset you are just looking to throw away.
If you look at subbing it out to someone else(though they get full source, i mean they have to) and if you pay this/these guys 60/hr, you are looking at paying out around 44k-ish a year plus lazy bloat so probably 60k a year.
You should hopefully realize you have built something pretty awesome, you are just missing the steps covered by: http://www.amazon.com/E-Myth-Revisited-Small-Businesses-Abou...
which basically means that you need to put processes into your system where you can sub yourself out as needed and someone else can handle this. Support requests and RFQs going to your personal email aren't conducive to this. Using things like zendesk, some other support app etc would be really beneficial.
So really you have 25k a year + a hose of consulting money you can divvy up/spray around as you see fit.
You really have something cool here, you should value it correctly. People buy jobs all the time, isn't that what college is all about?