Any head finance execs at ad agencies can chat about the overhead for an agency? Apart from office overhead (if any), there is payroll/taxes and any insurance/benefits for employees. Not to mention taxes on revenue. Am I missing anything?

Everything else just lines the pockets of the founders right?

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Posting as :
works at
You are currently posting as works at

SNACKS!

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Fair enough but I’m considering different options than a stand alone office

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Pitches. Yes it’s baked into payroll/travel/etc but it’s also an investment & opportunity cost for existing client growth.

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Software, hardware, awards or PR related pushes, marketing. The overhead is going to be 90% the same of any professional services

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E&O Insurance, for one. Of many.

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Exactly! Like I said in my last comment - late client payments throw everything off. Got to train clients but that’s an industry problem. We got to unite and set contract standards and financial/legal ramifications for late payments or breach of contract.

That’s a different topic thread

Payroll

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Cool I mentioned payroll

Benefits + 401k

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Cool I mentioned that one. Any others?

Technology

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Equipment too

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Recruitment

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People costs for Legal, IT, biz dev, PR, exec team and any other non billable or partly billable roles are the big overheads. In addition to rent, office upkeep, software licenses, hardware costs, agency events, PR, subscriptions etc.

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Any costs that aren’t covered by clients are overhead. Administrative roles- like Finance and HR- would be considered overhead. All legal costs would be overhead. All of your hardware (computers, editing bays, sound equipment). Any costs for events, pitches, travel. The development and hosting of your website. Recruitment fees. Etc.

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Any costs that aren’t covered by clients are overhead. Administrative roles- like Finance and HR- would be considered overhead. All legal costs would be overhead. All of your hardware (computers, editing bays, sound equipment). Any costs for events, pitches, travel. The development and hosting of your website. Recruitment fees. Etc.

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