Can You Afford to Hire Employees? (work session)

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  • Опубліковано 28 жов 2024
  • Thinking of hiring your first employee for your small business? Here's the math I do to calculate how much I can afford to pay in salaries. These are not my real numbers, but I use the same process outlined in this whiteboarding work session.
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КОМЕНТАРІ • 18

  • @andya8493
    @andya8493 3 роки тому +6

    Thanks for the info! May I suggest that you make a review on a mobile app that I personally use called Pixe. It's a hidden gem for Instagram and I think that your subscribers would really love it.

  • @atlantavipprotection8311
    @atlantavipprotection8311 2 роки тому

    Very Helpful! Our company i expanding and now I know what we can afford. Thank you

  • @MarketingHarry
    @MarketingHarry 3 роки тому +1

    That's helpful, Latasha. Many people struggle with calculation of how much they can afford paying to employees!

    • @thelatashajames
      @thelatashajames  3 роки тому

      It is really hard! At a certain point, you have to follow your own gut and hope you're making the right decision :)

  • @freelancingwithsilvia
    @freelancingwithsilvia 3 роки тому

    Literally pulled up my notes as soon as the video started. Having just made my first hire this was super helpful thanks!

  • @stephaniejsmes8991
    @stephaniejsmes8991 3 роки тому +1

    LaTasha we appreciate the valuable information. Love how you included quantifying information. Thanks for showing the business model in the beginning and what does not work. Oh six months of salary information sounds ideal. Thank you for sharing what you have learned when hiring employees.

  • @fofita17
    @fofita17 3 роки тому

    Thank you for sharing this information. It’s helpful not only as a small business owner, but also as a contractor/freelancer or potential employee.

    • @thelatashajames
      @thelatashajames  3 роки тому

      So glad to hear that! Yeah it's helpful to understand where your potential clients are at and what they can afford 🙌🏽

  • @ivanska.design
    @ivanska.design 3 роки тому

    This has been my fav video! I think it helps me see where I have to get. 👏🏼

  • @iam.rochelerosa
    @iam.rochelerosa 3 роки тому

    Love this! It’s very eye opening and helpful for service businesses looking to strategically scale up.

  • @Novacashh
    @Novacashh 3 роки тому

    This was helpful! Thank you for this video. Can you make a video on hiring independent contractors on a budget?

    • @thelatashajames
      @thelatashajames  3 роки тому +1

      So glad it was helpful! Not sure I have a ton of advice on that. I've always paid people market rate, not really on a budget.

  • @olenakitsak37
    @olenakitsak37 Рік тому

    Thank you very much !

  • @adipurplishchic
    @adipurplishchic 3 роки тому

    Super helpful!

  • @dezziefbby
    @dezziefbby 3 роки тому

    "Yes I did pick that pen up with my toe." lmaooo! hahaha so me!