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This week Chip Griffin and Gini Dietrich discuss how you can figure out how much revenue your agency should have in order to support hiring a new employee — whether it is your 1st or your 101st.

This is a question that was asked recently in the Spin Sucks community, and it is something that many agency owners struggle with solving.

Chip also expresses his disdain for rules of thumb, while Gini explains why they do have value.

The duo also explore the risks of hiring (and firing) at the wrong time, as well as the differences between staffing models based on “W2” payroll employees and those relying on “1099” subcontractors.

And be sure to listen in to the end and let us know what you think of the new sign-off.

[read the transcript]

About Chip Griffin

Chip Griffin is the Founder & CEO of the Small Agency Growth Alliance (SAGA) and a longtime agency owner and executive. He helps PR and marketing communications agencies build better businesses. Full bio