#033: The 18% Rule - perfect for employers

Annette Ferguson In Audio

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5+ y ago 0:57

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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

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#Business #Quick Tips #Annette Ferguson