What should you invest in capability?
If you want to grow significantly, the right software lets you do it without growing your team and your risk at the same rate. See what that’s worth to your business, then what you can invest and what it returns over ten years. Free, about five minutes.
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How the numbers work
- The picture comes first. Your business today, where your ambition takes it, and what better software changes. The budget comes last, because what you can invest depends on what it returns.
- Growing the way you work today grows the team. Every extra job, customer or unit needs people to do it and people to support it. And the money lost to jobs that go off plan, through overruns, rework or scrap, grows with the work.
- Better software changes that. Each person handles more, so you hire nobody until the work outgrows the team you have, and fewer after that. Less goes off plan. And if it includes sales automation, it brings in more work from the same team.
- Each part pays once it’s live. Core activities (fewer people per job) after 6 months, expansion (less variance, sales automation) after 18, and stretch goals (new revenue) after three years.
- The budget is what pays back. A realistic budget pays for itself within two years. The upper limit pays for itself within five. Neither goes above what the business can fund: by default, 20% of your profit over the payback period. Running costs are included, and so is the R&D tax offset if you tick it.
- Ten years is the prize. The return keeps building as you grow, and a business that grows without leaning on more people is worth more when you sell it. Businesses like yours often sell for about two times revenue.
All figures are estimates to plan with, not advice. The R&D tax offset depends on eligibility, so check it with your adviser.