#033: The 18% Rule - perfect for employers
Annette Ferguson In Audio
English - September 19, 2018 13:53 - 57 seconds - 2.19 MBBusiness Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: #032: Do you really need an office?
Next Episode: #034: The First 100days
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