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Profit Sharing

Tuesday, December 27th, 2011 – running time 07:22
In this episode, Jay explains stock dividends, option grants, profitable companies, and profit sharing.

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Successful entrepreneur and CEO, Jay Adelson demystifies the start-up process by providing advice, tips, and answering questions. In this episode, Jay explains stock dividends, option grants, profitable companies, and profit sharing.


Jay's Chalkboard Notes:

- First requirement for profit sharing: profit

- Profit sharing plans give back to employees and bonuses

- EBITDA = Earnings before interest, taxes, depreciation, and amortization

- Most "startups" focus exit strategies before profit sharing makes sense

- Employee retention should always be a priority

Ways to Show the Love to Your Employees

- Come up with milestone based bonus plans

- Consider a notable % of net profit to go back to employees

04:39

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Have questions about launching a business that you want answered? Submit them to askjay@revision3.com, or upload a video question on our YouTube page. And make sure and follow Jay via Twitter.

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