Do you have a Business Start-Up Costs Worksheet? Maybe you have already done this in the past but want to find out if it is still effective. The truth is, if you don’t have one, then there are probably a lot of reasons for that.
The first and probably most important reason is that the number of people in your company is probably far greater than the number of staff members you currently have. This is because not all employees are working the same hours. For example, someone who works part-time is likely going to be getting more of their work done during the evenings and weekends.
If you do not want to assume that all employees will have the same hours each week, then you will need to start your spreadsheet. But what if you have a lot of flexibility? Perhaps your business is going to operate on a different schedule every week. Then it will be really difficult to add new staff members or add a new business day.
However, in a perfect world, you would not have to assume anything at all. It would just be like any other sales job. However, most companies today already work like that.
They have formulas they use every week. Their turnover rates are high. Their customers complain about the service. The overheads are often very high.
What these companies usually do is to find a budget for the various roles that they need. The role that has the lowest costs will get the work done and the others will use the time that has been allocated to them by their manager.
You can use project management software that will allow you to use these formulas on the go. Then you can focus on finding the best hours for your staff members and other aspects of your business.