Free calculator for web agency owners
Can you afford to hire a new developer?
A new developer costs a salary from day one. The payback comes from more projects delivered, and the cash from those projects arrives at their milestones.
Lowest cash, next 12 months
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Cost before they pay off
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wages paid before new revenue starts
Paid back by
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month the hire covers its own cost
| Month | Without the hire | With the hire |
|---|
The starting numbers are an example for a web design agency. Replace them with yours.
The worked example
Here a new developer costs $6,500 a month and starts bringing in $9,000 a month after 3 months. The business pays $19,500 before the hire covers a dollar of it.
How to make the hire safer in a web design agency
- Take a larger deposit on the projects the new hire will work on.
- Use contractors until the project pipeline stays full for a quarter.
- Bill milestones the day they are reached.
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.