Free calculator for consulting firm owners

Can you afford to hire a new consultant?

A new consultant costs a full salary from day one. Revenue starts when they are staffed on billable work, and cash arrives when that client pays.

Cash in the bank today$ Cash the business adds each month now$ Monthly cost of the new consultant, with taxes and benefits$ Months until the new consultant brings in revenuemonths Extra revenue per month after that$ Payroll per run today (for the safe line)$

Lowest cash, next 12 months

Cost before they pay off

wages paid before new revenue starts

Paid back by

month the hire covers its own cost

Month	Without the hire	With the hire

The starting numbers are an example for a consulting firm. Replace them with yours.

The worked example

Here a new consultant costs $9,000 a month and starts bringing in $14,000 a month after 3 months. The business pays $27,000 before the hire covers a dollar of it.

How to make the hire safer in a consulting firm

Hire against signed work.
Ask new clients for a deposit or the first month in advance.
Use subcontractors until the work is steady enough for a full-time hire.

See every hire in your forecast

One Page CFO adds the hire to your 13-week forecast and shows the tightest week before you commit.

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