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:

Straight Salary/Project Based
Hourly
Flat Commision Per Sale
Commission on Net Revenue
Commission on Overall Revenue
Balloon Bonus at Certain Marker
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

If you liked this episode...

then you'll love these too!

2022 was a difficult year for boutique fitness

We were faced with the formidable task of reopening, recovering and bringing our numbers back up to pre-pandemic levels, all while navigating a tsunami of change in the world of sales, digital marketing, and human resources. But we persevered through it all. And we saw some incredible, powerful, beautiful growth. But as we move into […]

Marketing Planning for January, February, March with Tara Zirker

In the boutique fitness space, we’ve spent the past year hyper-focused on recovering from the pandemic and bringing our businesses back up to pre-Covid levels. But in the process, many of us have ignored the BIG marketing pivot that iOS 14 brought about with its shift in privacy laws. The digital marketing landscape has changed […]

Setting Goals for the New Year with Amanda Blair & Jasmine Judson

Y’all, the end of the year is always an exciting time for me. It’s a season where I take stock of the year I’ve had, celebrate all that I’ve achieved, note what I haven’t, and set goals for the new year. But while the idea of starting afresh on a blank slate thrills me every […]

Getting Into The Black with Black Friday, Part 2

The Black Friday weekend is a true magic wand moment for boutique fitness studio owners if you play your cards right. It’s the largest shopping weekend of the entire year, y’all. And I know tons of people who have been able to completely transform their businesses because they put extra care into their marketing, took […]

Stay up to date!

Want to be interviewed on the pod? Head over here to tell us a bit more about yourself + what juicy lessons you have to share.