Chris Vandersluis
๐ค SpeakerAppearances Over Time
Podcast Appearances
It wasn't 30%.
It was like about 20.
By the time we paid out dividends and paid out bonuses and stuff for the staff, we ended up with 22 unrequired monies.
Well, the dividend program is what Chris wants.
So the program is how much is left at the end of the day?
What do we need to do for taking care of the staff and staff retention in terms of bonuses, things like that?
And then for me, the calculation at the end of the year is,
well this is what's left over what should i leave in the company for growth for you know healthy cash flow for working capital and um and let's get the rest out and so uh you know so yeah for me last year it was um you know it was a nice amount of money
Yeah, it works.
I mean, I allocate of the profits about 20% for bonuses.
So, so 20% of the money, I mean, that's, that's not a promise, but I mean, if we like last year, that was about the number.
And so the staff shared that based on, like you say, based on longevity and their role in the company.
Basically.
Yeah.
And so, you know, about half of it stayed in the company and, you know, the rest, you know, we carefully took care of to make sure both the IRS and Revenue Canada were taken care of.
And then, yeah.
And then kind of put it aside.
I am.
I'm married here in Tampa, Florida to growing step-sons, one in high school, one in middle school.
I've got a