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
In this episode I speak about the difference between income and revenue sources. I also speak about when it is a good idea to add an additional revenue stream in your business and when it is, perhaps time to wait.
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