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Locally archived YouTube transcript with timecodes. Speakers are assigned heuristically and may be corrected editorially.
0:00I own an online shop for bike parts in Germany. At what point is it the right decision for the founder to fully step out of day-to-day operations, customer support, forklift in boxes, and get a manager in place? >> What are your margins? >> 25% and do about 1.8 million in revenue. >> Okay. This manager, where you're from, how much does it cost? >> Probably 100 for pretty good talent. >> So, if it costs you $100,000 in bottom line, that means you have to make $400,000 back just to break even on this guy.
0:28Right? Can you do that with the time? >> Yeah, I can do this. >> Yes. Okay. >> Then yeah, I think now's the time.