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Trials & Tribulations - The drama of running a business and of life. It's not as easy as it looks. Running a business is full of drama. Customers, employees, money, family, time. You name it, it's a problem. Share with us your drama and how you handled it.

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Trials & Tribulations - The drama of running a business and of life.

It's not as easy as it looks. Running a business is full of drama. Customers, employees, money, family, time. You name it, it's a problem. Share with us your drama and how you handled it.
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  #31  
Old 06-23-2009, 09:33 PM
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I then plan to pay out 20% of the net as it is a tax deduction for the company, at least here.
Ok so you would suggest 20% of the net profit be distributed to employees as a bonus? Should all employees be paid the same amount of a bonus or does it depend on their position and their length of employment? What are your suggestions on that?
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  #32  
Old 06-24-2009, 05:31 AM
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Ok so you would suggest 20% of the net profit be distributed to employees as a bonus? Should all employees be paid the same amount of a bonus or does it depend on their position and their length of employment? What are your suggestions on that?
I am of the opinion 5% would be a min, 20% max.

All employees should be treated the same in my experience.
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Old 06-24-2009, 05:04 PM
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Andy when you helped other businesses set up these compensation plans, were any of them smaller businesses or did they usually have at least X amount of employees? Should a lawn care business with even a single employee look to offer this?
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Old 06-24-2009, 10:03 PM
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Andy when you helped other businesses set up these compensation plans, were any of them smaller businesses or did they usually have at least X amount of employees? Should a lawn care business with even a single employee look to offer this?
A company of any size could do it, I think the smallest I handles would have been 20 employees, keep in mind I only dealt with corporations for the most part, a small business with one employee....personally I would not do it, I would offer some type of monetary plan rather than shares.

The past few days have been amazing, I think a lot of this was being over tired. I hired four more people including a ladscape designer and she is amazing, she is somewhat manager of operations, 28 and is very good with the staff and the staff love her. She wants to learn woodworking/snow plowing so I can keep her on year round

I have been working with the lawn care group and having a blast.
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Old 06-24-2009, 10:39 PM
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personally I would not do it, I would offer some type of monetary plan rather than shares.
I bet a lot of our forum members would be in this boat. What advice would you have to them with the monetary plan?
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