Woops, correct... I'm getting terms mixed up. Not investor, contracted labor rather, with "investor" incentives. Or maybe we can call him a short term investor, it has a better feel :) ... No...
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Woops, correct... I'm getting terms mixed up. Not investor, contracted labor rather, with "investor" incentives. Or maybe we can call him a short term investor, it has a better feel :) ... No...
Helpful, indeed! Thanks for the additional incentive tips, spider!:) The 20% partner will be treated as an investor, which excludes him from ownership. So it'll be like, instead of investing...
Yes, quota and corresponding bonus will definitely be announced a week prior to concerned month. :) and yup, maybe smaller but regularly scheduled bonuses would be better than big amount but...
spider, no, we're still incorporating the end of the year scheme, will calculate the best % for all when the real figures for base pay are established... I was just explaining how the original plan...
We're on the same page-- i think I'm the confusing one. Sorry.
Hypothetical: Minimum wage $1,000 a month
Employee A basic salary: $1,200 (just a little above minimum)
Method 1:
For every...
spider, I didn't really see the commission as a bonus, but more of a performance based partial salary; the other portion would be the regular minimum- above minimum wage. So the more they close, the...
sequoia, thanks:D
spider, no, it's bonus on top of the commission--- um, is that too much? Oh, maybe we can combine both systems, that way even the non-sales people can be included as well. Very...
altho this is out of the initial topic concern, hope it's ok to discuss it here.
spider, i meant yours is more flexible amount-wise. What we were considering was a target based performance bonus...
sequioa, yes, when we briefly discussed it, he seemed open to the idea of a % in profits. We didn't discuss salaries yet, that's why i wanted to clear in my head first exactly what salary arrangement...
spider, i guess that's what it is. He is no Michael Jordan. He is competent and all that, but there is no premium about him per se that will advance the project exponentially. Applicant D, E and F...
hi, spider. i understand what you're saying but why do i still have this gnawing feeling about that arrangement? Sorry, i really don't mean to be difficult, i just need to convince myself that this...
hi, sequioa! thanks for your thoughts. re salaries: it'll be scheduled eventually when sales are satisfactory and can sustain such. it won't be in the immediate 6 mos or maybe year after the...
Hi, spider! thanks for the reply. I just find it a bit tricky. We are 3 in the business (hehe, it's just a modest one, nothing spectacular). Partner A and B both shoulder the financial investment...
hello. i'm new here. i decided to join as i saw the other threads as being very helpful-- and i was hoping you guys can help with my question.
i was wondering if anyone's familiar with industrial...