A few weeks ago, a client said to me, “I’m not in it for the money, I just want to take care of people.” They hadn’t paid themselves in months and were about to take out another loan to cover the cost...
When I first began my entrepreneurial journey, my husband and I made a financial agreement: we would live on his 9-to-5 salary, and anything I earned would be considered extra. My income would go towa...
The Guilt Around Paying Yourself
Owner pay has been the hardest guilt trip for me to overcome. When my first company was making about $200,000 a year, I was working 80 hours a week to bring in that r...
5 Things That Are Probably Stopping You From Hiring An Employee
Hiring an employee sounds exciting until it becomes reality. It is easy to tell yourself that bringing someone into your team will solv...
The cost of labor for your company: $235,078
Your desired profit: $117,539
Your total to cover labor costs: $352,617
Payroll is your biggest expense and your biggest investment. It is also the hard...
Let's say the annual salaries for the organization total $192,400.
Executive Assistant Salary: $31,200
Account Manager Salary: $61,200
CEO Salary: $100,000
Total Salaries: $192,400
Then we add in...
If someone earns $61,200 per year, it is easy to assume that the cost of having them on the team is $61,200. But after adding payroll taxes, workers’ compensation, equipment, software, uniforms, overh...
“Procrastination makes easy things hard and hard things harder.” Mason Cooley said it perfectly, and bookkeeping is one of the clearest places where this shows up in business ownership. Procrastinatio...
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If someone is hired at $50,000 per year, many owners immediately begin calculating whether the business can support an additional $50,000 in payroll. Unfortunately, payroll is only one piece of the...
“It’s a gazillion times easier to convert a paying customer into an event attendee than it is to convince a nonpaying customer to come to an event.” John Warrillow (from The Automatic Customer). While...
Strong businesses are built on more than contracts and deliverables. They are built on relationships. Like any meaningful relationship, what keeps it alive is not predictability alone, but moments of ...
We are living in the era of recurring charges. Software, streaming, memberships, coaching, deliveries, tools. Everything is a subscription. And your clients feel it.
When someone is experiencing subs...
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