#033: The 18% Rule - perfect for employers

Annette Ferguson In Audio

Content provided by Annette Ferguson. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Annette Ferguson or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ro.player.fm/legal.

6+ y ago 0:57

MP3•Pagina episodului

Wondeing how much you should be spending on contractors, employees, freelancers, personal assistants and/or team members? If you're a new or recent start-up business knowing when you can start employing someone could be a make or break situation. So getting it right, first time is super imporant! Regardless of your company structure, we recommend 18-20% of your sales revenue excluding VAT and sales tax can be dedicated to team members. We've found this to be the sweet spot for the thousands of businesses we work with; it ensures your business stays financially healthy without stifling the growth of your business. This is my rule of thumb, that really works! #MoneyMaker https://annetteandco.co.uk/blogs/news/the-18-rule

71 episoade

#Business #Quick Tips #Annette Ferguson