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In today’s episode, I dive into a question that every entrepreneur and business owner faces: How do you know how much you can truly afford to pay your staff? Whether you’re thinking about bringing on your first team member or wondering if you’re over or understaffed, I share the simple, game-changing formula that’s helped me clarify my own staffing decisions. Inspired by Greg Crabtree’s book "Simple Numbers, Straight Talk, Big Profits," I break down how to use your revenue, non-salaried costs, and a realistic profit target to calculate your business’s salary cap. This practical approach will give you peace of mind and a clear answer on when to make new hires or cut back—no more guesswork! Tune in if you’re ready to take control of your staffing budget and build a stronger business.
#Entrepreneur #BusinessOwner #Staffing #SalaryCap #SmallBusinessTips #Profitability #TeamManagement #Runpreneur #GregCrabtree #BusinessFinance #SimpleNumbers #Podcast #HiringTips #ukrunnerscommunity #runnerslifestyle #ultrarunninglife #runformentalhealth #strava #stravarun #Insta360 #vibramfivefingers
In today’s episode, I dive into a question that every entrepreneur and business owner faces: How do you know how much you can truly afford to pay your staff? Whether you’re thinking about bringing on your first team member or wondering if you’re over or understaffed, I share the simple, game-changing formula that’s helped me clarify my own staffing decisions. Inspired by Greg Crabtree’s book "Simple Numbers, Straight Talk, Big Profits," I break down how to use your revenue, non-salaried costs, and a realistic profit target to calculate your business’s salary cap. This practical approach will give you peace of mind and a clear answer on when to make new hires or cut back—no more guesswork! Tune in if you’re ready to take control of your staffing budget and build a stronger business.
#Entrepreneur #BusinessOwner #Staffing #SalaryCap #SmallBusinessTips #Profitability #TeamManagement #Runpreneur #GregCrabtree #BusinessFinance #SimpleNumbers #Podcast #HiringTips #ukrunnerscommunity #runnerslifestyle #ultrarunninglife #runformentalhealth #strava #stravarun #Insta360 #vibramfivefingers