MBA1612 How Much You Should Spend on Payroll + Free Ride Friday
What percentage of your expenses should cover payroll? What’s sustainable, fair, and makes sense? Today, we discuss the factors involved. We’ll help you figure out just how big a slice your team should take out of the profit pie.
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Show Notes
What percentage of your expenses should cover payroll? What’s sustainable, fair, and makes sense?
Today, we discuss the factors involved. We’ll help you figure out just how big a slice your team should take out of the profit pie. The right number will vary for different types of businesses, but almost every business falls into one of two categories.
And of course, you get what you invest in.
Get a baseline for what businesses like yours spend on their teams, and see if you’re spending the right amount. Click Play!
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