The right time to hire is when the revenue the hire generates, or the revenue you free up by not doing their work, exceeds their total cost including taxes, benefits, and overhead. Use a 3x rule as a starting point: a hire should contribute at least 3x their all-in cost. For a $70,000 all-in employee, target $210,000+ in attributable revenue or freed-up owner time.
Can I Afford to Hire? for Airbnb / Short-Term Rental
Pre-filled with real airbnb / short-term rental industry benchmarks
Can I Afford to Hire?
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Can I Afford to Hire? for Other Industries
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