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# System prepended metadata

title: MoneyAndStuff

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# Money and Stuff

:::info
In general something between `80 - 120 Euro`
:::

An overview of how I caluclate Things.  

Take a reliable base value and caluclate downwards or upwards. 
Depends on the view.  

Data choice is union traffis form the german [ITK](https://en.wikipedia.org/wiki/Information_and_communications_technology) Union.  
The Dataset is publicly available.

[Click on your own](https://itk-entgeltanalyse.igmetall.de/job/software-engineering/software-ingenieur-in-iv/) 



:::spoiler

The most sources in the Internet are completly out of reality or relly on [Questionable Datasets](https://web3.career/web3-salaries/rust-developer). 

Union Tarifs are a compromise between Employee and Employer. 
Their Incentives are clear to get the numbers right. 
Stepstone/LinkedIn/... have diffrent incetives, which is not bad, but not optimal either.

Based on this value I caluclate Price/Salary from an internal view and and extrenal view. 
  
*I added Earnings for a sell driven Buisness Model to frame this document nicely.*  
*It sums up my general thinking.*

:::



## Cost
:::info 

`Hourly rate(intern)`  =  `63.78 Euro / hour`
`Hourly rate(extern)` = `156.5 Euro / hour`


> Given Values:  
> `Brutto Employe` = `100 000 Euro`
> `Tax & Insurance (Arbeitgeberanteil / Employer part)`= `25% Brutto Employee`
> `Total Hours` = `1960 hours`
> `Total available working hours` = `1600`
> `Effective working rate` = `0.5`

:::

:::spoiler
    
|Step|Description|
|:-|:-|
|1|Define base value of Brutto Employee|
|2|Caluclate Brutto Company|
|3|Calculate Total available hours|
|4|Guess effective working rate|
|5|Caluclate Effective working hours|
|6|Calculate hourly rate (intern)|
|7|Calculate hourly rate (extern)|


### Cost Calucation


1. Define base value of Brutto Employee   
   - `Brutto Employee` = `Netto` + `Tax & Insurance (Arbeitnehmeranteil / Employee part)`    
   - `Brutto Emoloyee` = [Union Tarif](https://itk-entgeltanalyse.igmetall.de/job/software-engineering/software-ingenieur-in-iv/) = `100 000 Euro`    
2. Caluclate Brutto Company  
   - `Brutto Company` = `Brutto Employe + Tax & Insurance (Arbeitgeberanteil / Employer part)`    
   - `Brutto Company` = `100 000 Euro` +  `25% of Brutto Employee`     
   - `Brutto Company` = `125 000 Euro`  
3. Calculate Total available hours   
   - `Total available working hours` = `Total hours` - `NonAvailable(Holiday, StateHolidays, Illness, ...)`   
   - `Total available working hours` = `12 months * 4 weeks * 5 days * 8 hours` -  `2 months * 4 weeks * 5 days * 8 hours`  
   - `Total available working hours` = `1 600 hours`
4. Guess effective working rate  
   - `Effective working rate` = `Total available working hours / Effective Working hours`  
   - Guess: `0.25 = okish`, `0.5 = good`, `0.75 = beast`  
   - `Effective working rate` = `0.5`
5. Caluclate Effective working hours  
   - `Effective working hours` = `Total avaialbe working hours` * `Effective working rate`  
   - `Effective working hours` = `1 600 hours` * `0.5`  
   - `Effective working hours` = `800 hours`  
6. Calculate hourly rate (intern)  
   - `Internal Bill / hour` = `Brutto Company`  / `Total hours`
   - `Internal Bill / hour` = `125 000` / `1 960`
   - `Internal Bill / hour` = `63.78 Euro / hour`
   - `Internal Bill / hour` = `Hourly rate(intern)`
   - `Hourly rate(intern)`  =  `63.78 Euro / hour`
7. Calculate hourly rate (extern)  
   - `External Bill` = `Effective working hours` * `X Euro / hour`
   - `Brutto Company` = `External Bill`
   - `Brutto Company` = `Effective working hours` * `X Euro / hour`
   - `125 000 Euro`  = `800 hours` * `X Euro / hour`  |:`800 hours`
   - `X Euro` = `156.5 Euro / hour` |:`1 hour`
   - `X Euro / hour` = `156.5 Euro`
   - `Hourly rate(extern)` = `X Euro / hour` = `156.5 Euro`

:::

## Earnings

:::info

16 000 Proudcts have to be sold over a year to provide for a minimal workforce of 5 people to hit Break Even.

> Given Values:  
> `Product Prize` = `50Euro`,  
> `Cost Per Product` = `20Euro`  
> `Production Cost` = `Salaries` + `Extra`  
> `Sold` = `Cost` - `Income per Product` * `Sold`  

:::


:::spoiler

### Earnings

This section is not necessary.  
It display my general thinking

###  Overview

|Step|Description|
|:-|:-|
|1|Define Earnings|
|2|Define Income per Product|
|3|Guess Cost per Product|
|4|Set Price per Product|
|5|Calcuate Income per Product|
|6|Define production Cost|
|7|Guess extra rate|
|7|Guess necessary workforce|
|8|Guess average paying salary|
|9|Calcuate Production Costs|
|10|Define Earnings per product|
|11|Calucate Break Even|


### Earnings / Breakeven Calucation
1. Define Earnings  
   - `Earnings` = `Cost` - `Income`
2. Define Income per Product  
   - `Income per Product` = `Product Price` - `Cost / Productcount`
3. Guess Cost per Product  
   - `Cost per Product` = `20 Euro per Product`
4. Set Price per Product  
   - `Price per Product` = `50 Euro per Product`
5. Calcuate Income per Product  
   - `Income per Product` = `Price per Product` - `Cost per Product`
   - `Income per Product` = `30 Euro per Product`
6. Define production Cost  
   - `Production Cost` = `Salaries` + `Extra`
7. Guess Extra rate  
   - `Extra` = `Extrarate` * `Salaries`
   - `Extra` = `0.2` * `Salaries`
8. Guess Minimal Necessary workforce  
   - `Minimal Necessary Workforce` = `1 UI/UX Expert` + `1 Frontend` + `1 Backend` + `1 Smart Contract` + `1 3D Artist`  
9. Guess average paying salary  
   - `Average salary` = `80k Brutto Company per employee`
10. Calcuate minimal production Costs   
    - `Production Cost` = `Salaries` + `Extra`
    - `Production Cost` = `5 * 80 000` + `0.2 * Salaries`  
    - `Production Cost` = `480 000 Euro`
11. Define Earnings per product  
    - `Earnings` = `Cost` - `Income per Product` * `Sold`
12. Calucate Break Even   
    - `Earnings` = `0 Euro`
    - `0` = `Cost` - `Income per Product` * `Sold`
    - `0` = `480 000 Euro` - `30 Euro per Product` * `Sold` |: `-480 000 Euro`
    - `-480 000 Euro` = - `30 Euro per Product` * `Sold` |: `*(-1)/(30 Euro/Product)`
    - `-480 000 Euro * (-1) / (30 Euro / Product)` = `Sold`
    - `16 000` = `Sold` 

**16 000 Proudcts have to be sold over a year to provide for a minimal workforce of 5 people to hit Break Even.**


:::

