How much of your total budget should be devoted to payroll? Obviously, it depends on many things, including the industry you’re in. Rule of thumb: If it’s more than 25% of total sales, something may be wrong. Find helpful guidance from this 2010 article.
Did you miss the latest edition of Big Ideas for Small Business®? No worry, you can view July’s Newsletter here – which includes an important request about my new book, Smooth Failing: Top industry leaders share their secrets for turning Pain into Profits.
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