Finance & Accounting

What an owner pays themself is a high controversial topic. It’s often because no one ever asks them about what they pay themselves and why they made that decision. That question is usually off-limits. But even if no one asks that question of you, it matters. If you’re watching this video, you need to consider…

In most shred businesses, the highest expense item on your P&L is the salary and bonus line for yourself and your employees. In this video, Tom explains the importance of understanding and defining your salary cap. With obvious connection to professional sports teams, the salary cap in a private business does not work to ensure…