Title: Can Robert Retire Early? Calculate the Revenue Needed to Launch a Profitable Consulting Side Hustle Tagline: Can Robert Retire Early? Calculate the Revenue Needed to Launch a Profitable Consulting Side Hustle Problem: Robert, a 55-year-old VP of Engineering at a leading software firm, is eyeing early retirement in 3 years. He anticipates needing $200,000 per year to maintain his current lifestyle, but his post-tax retirement income (Social Security, pension, and investment withdrawals) will only cover $130,000. Robert, a woodworking enthusiast, wants to launch a high-end custom furniture consulting business as a "semi-retirement" side hustle to bridge the $70,000 income gap. He’s worried about startup costs and doesn't know how much revenue he needs to generate to make it worthwhile, considering his existing tax bracket. Solution: Using the Break-Even Point Calculator, Robert can determine the revenue required to cover his fixed costs (workshop rent, equipment depreciation, software subscriptions: $25,000 annually) and variable costs (materials, contractor fees, shipping: 40% of revenue). Factoring in his current tax bracket, he can also calculate the pre-tax revenue needed to net the required $70,000 to reach his retirement income goal. By knowing the break-even point and desired profit margin, Robert can confidently plan his pricing strategy and marketing efforts. ROI: By using the Break-Even Point Calculator, Robert discovers he needs to generate $158,333 in revenue to cover his fixed and variable costs, and the additional amount to achieve the target $70,000 post-tax income he needs annually. With focused marketing and efficient operations, he estimates he can achieve a $95,000 net profit within two years, exceeding his income goal and enabling a smoother, more secure transition into retirement. Description: Planning retirement? See if your passion project can bridge the income gap using break-even analysis. Discover the revenue required to make your encore career financially viable. Category: Lead Gen
