In a previous post, I did the math on the famous "10X your business." Let's now simulate a 20% growth (in terms of employees) over a five year period.
Let's
start with ten employees to get round numbers:
start, 10
employees
after year 1 with 20% growth: 12 employees
after year
2 with 20% growth: 14 employees
after year 3: 17 employees
after
year 4: 20 employees
after year 5: 24 employees
With an
average 20% growth rate, you will have doubled your staff after
approximately four years.
After 20 years, with 20% per year of
steady growth, this company would employ 383 employees.
Impressive
numbers!
Consider following/subscribing to this blog. It's free and it motivates me to sharpen my pencil. Thanks!
Top
10 about the author; Erik Victor
1. is a serial
entrepreneur and started his career in Engineering
2. currently a
majority shareholder in corporations in the fields of Industrial Real
Estate, Wealth Management & Investment funds, and International
Tax Planning
3. has a passion for the dynamics of young
businesses and actively endorses several start-ups
4. is an
engaged member of several think-tanks and an international conference
speaker
5. has a business footprint in six countries
6. speaks
five languages
7. personal life - resides in Europe
8. Erik
(48) is known as a discrete and private person, a family man
9.
loves to spend his limited holidays in the mountains or at sea on his
yacht
10. Erik has no social media accounts
Comments
Post a Comment