3 ms·
15$/hr * 40 hr/wk * 50 wk/yr / 12 months/yr = $2500 MRR. Assumes 2 weeks unpaid vacation. And that's assuming $0 expenses, so all revenue can go into your own c
by SAI_Peregrinus 6y ago
15$/hr * 40 hr/wk * 50 wk/yr / 12 months/yr = $2500 MRR. Assumes 2 weeks unpaid vacation. And that's assuming $0 expenses, so all revenue can go into your own crap salary. $1k MRR is $6/hr, below minimum wage anywhere in the US. If all you're getting is $1kMRR, you might as well just get a job at McDonalds, you'll have a nice pay raise.
- read_if_gay_ 6y ago> you might as well just get a job at McDonalds, you'll have a nice pay raise. What you’ll also have: little opportunity for growth, barely any valuable experience, skills, or learning opportunities, an intellectually boring job, nothing to show off to potential future employers, and you’re giving up working for yourself to sell your time. And that’s ignoring your massive assumption that all these startups are full time jobs. What a simplistic viewpoint.
- runako 6y agoExcept: - a $1k/mo MRR business generally has some fungibility to be sold. For a SaaS business @ $1k/mo MRR with a working product, I could easily see that being worth $30k+ to any number of buyers. (Because you have de-risked the problem significantly by going from $0 -> revenue.) - You can potentially 10x that $1k/mo in a very short period by spending time (and money, if available) on customer acquisition.