Re:“$20k per month is a paltry amount of revenue” – a guy on...
by hedora on Wednesday November 18, 2020 @11:53PM
(#25146362)
What?
50% implies 120K profit for the owner (pre tax)
That leaves 60k per developer. The standard rule of thumb is that an employee costs their salary in overhead and payroll tax, so, that’s 30K per year per developer, assuming the business has zero operational overhead.
240K for a one person company? Sure.
One with 2 additional employees expecting tech wages? Probably not.
Re:“$20k per month is a paltry amount of revenue” – a guy on...
by 908B64B197 on Wednesday November 18, 2020 @08:53PM
(#25145333)
That really depends if the business scales or not and what the end goal is.
20k of revenue and almost no profits for a business that won't scale isn't that great. That being said, it's infinitely better than the 0k a month you get from not launching something.
Re:“$20k per month is a paltry amount of revenue” – a guy on...
by URfejk on Wednesday November 18, 2020 @05:15PM
(#25143197)
Jeff Bezos to this guy on Hacker News: Your lifelong revenue is a paltry amount compared to mine. Now hold my beer and clean the dishes.
Bill Gates: I need a pool boy. Any volunteers?
Jack Ma: That guy on Hacker News has open his mouth again. He is funny.
Joke aside, there are a lot of people all around the world that would "kill" for that amount of revenue.
People like this fella behave like they are the biggest sharks in the ocean, while the true big sharks look down on him the same way he looks down on others.
Persisting as a solo founder https://news.ycombinator.com/item?id=24251403
Research Says Solo Founders Perform Better https://news.ycombinator.com/item?id=24148113
But neither clearly contains a reference to $20k being paltry. Sorry!
50% implies 120K profit for the owner (pre tax)
That leaves 60k per developer. The standard rule of thumb is that an employee costs their salary in overhead and payroll tax, so, that’s 30K per year per developer, assuming the business has zero operational overhead.
240K for a one person company? Sure.
One with 2 additional employees expecting tech wages? Probably not.
20k of revenue and almost no profits for a business that won't scale isn't that great. That being said, it's infinitely better than the 0k a month you get from not launching something.
Bill Gates: I need a pool boy. Any volunteers?
Jack Ma: That guy on Hacker News has open his mouth again. He is funny.
Joke aside, there are a lot of people all around the world that would "kill" for that amount of revenue.
People like this fella behave like they are the biggest sharks in the ocean, while the true big sharks look down on him the same way he looks down on others.
In my country for 100K USD/month you could get like 10-15 very highly skilled and experienced people