The
Podcast

Podcast Episode 13: How do I pay my team {so I can actually make a profit}?

There’s a really scary mentality that most entrepreneurs have when it comes to hiring a team.

The money.

Business owners believe that if they are compensating a team, that means less money for them.

This could not be further from the truth.

Here’s how I look at it –

What is my currently hourly rate or what do I presume it to be and can I hire someone at less than that to do this job?

And I actually have 7 major compensation plans that will make it a lot easier for you to swallow bringing on some part-time help:

  1. Straight Salary/Project Based
  2. Hourly
  3. Flat Commision Per Sale
  4. Commission on Net Revenue
  5. Commission on Overall Revenue
  6. Balloon Bonus at Certain Marker
  7. Tiered Commission Based on Gross Revenue

If you want to learn how to implement any of these for your business, listen in to Episode 013, where I share with you the pros and cons of each.

In this episode, you’ll learn:

Join my Ready Aim Empire tribe to find incredible insights from other entrepreneurs and share your own takeaways!

With Grit + Gratitude,

Lisé

Recommended Episodes

  • Exercise and Cancer: Science and Guidance for Fitness Professionals

    Cancer affects everyone.  Although we may not have a diagnosis, we know people that do. As prevalent as cancer is, it still feels uncomfortable to discuss.  And yet, boutique fitness studios can play a significant role in coping with cancer.  So we’re having that important conversation in my latest podcast episode, Exercise and Cancer: Science…

    Listen Now

  • Mindset Matters:Money – The Beliefs That Are Erasing Your Profits, One Thought at a Time

    What’s critical to making, managing and multiplying money?  Not your financial savvy. Not your accountant. It all starts with your beliefs.   So take inventory of your thoughts in my latest podcast episode, Mindset Matters: The Beliefs That Are Erasing Your Profits, One Thought at a Time.  In Episode 613, Coach Alina walks you through the…

    Listen Now

  • Mindset Matters: Shame, Leaving the Past Behind and Stepping into the Future

    Expectations are powerful. Exceed them and soar high. Miss the mark, and endure the weight of shame or failure. Y’all, don’t get saddled with these momentum-killers. Grab a coffee and your headphones for my latest podcast episode, Mindset Matters: Shame, Leaving the Past Behind and Stepping into the Future. Get insights on managing expectations and…

    Listen Now

  • Mindset Matters: Building Boundaries without Guilt

    Boundaries can get a bad rap. Like they’re selfish. Or prohibitive. But really, they're freeing.  And fundamental.  In my latest podcast episode, Mindset Matters: Building Boundaries Without Guilt, Coach Heather walks us through why boundaries matter, how to set them and how to hold them. In Episode 611, you’ll get 10 tips on establishing and…

    Listen Now