Budgeting for startup
Out of context: Reply #1
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- BuddhaHat0
I'm sure others can help with skills requirements etc, but this sort of approach can help with the number of hires required:
https://meisterplan.com/blog/is-…
How Many Employees Does a Project Need?
Now that you can accurately calculate FTE, you can determine how many employees are needed to deliver projects on time. To determine the number of employees a project will need for completion, you’ll start by calculating the total FTE required for the project. To do this, divide the number of Man Days (MDs) or the number of days it would take one individual to complete the project by the length of the project (also expressed in days):
Next, you’ll take the FTE needed for project completion and divide by the FTE of employees. If you assume full-time employees have an FTE of 0.8 like we do, you would divide the FTE needed for project completion by 0.8.
To use the two calculations above, let’s imagine you have a new project that will require 10 MDs and has a project duration of 5 days. Your project FTE is 2 (10 divided by 5). You then divide 2 by 0.8 to get 2.5. This means you’ll need two full-time employees and one part-time employee for the project. Of course, the number of employees needed for any project can be divided however you like. You could use one full-time employee and three part-time employees or two-full time employees and a third full-time employee for half of the project.
- Thanks...interesting...BusterBoy
- Switch employees to freelancers. People don't want risky gigs. They want long term employment + pension + ability to buy a home and start a family.shapesalad
- As a startup you can't offer that. So you need freelancers.shapesalad
- Freelancers would love to be committed for 6 months on a project like this, with the option to extend, get equlity, full time role *if* if it works.shapesalad