Profit Share and Incentives Unpacked

Profit sharing…. Sounds generous, progressive, maybe even a little bit fancy! but what actually is it? And how do you make it work without losing your mind or your margins? In this episode, we’re cutting through the fluff and diving into the nitty gritty.We unpack the common mistakes salon owners make when trying to introduce profit share and the real question you need to ask first: are you even profitable? You’ll learn how understanding your breakeven point, team productivity gap and true business numbers is the first step before any kind of incentive program should even be mentioned.We’re talking timing, structure and how to create a pathway your team can actually follow. Should retail be included? Is the 3.5x gross wage benchmark still relevant? And how do you talk about this stuff regularly without sounding like a corporate robot?Whether you’re trying to reward effort, drive results or justify those high hourly rates your team are on, this episode will help you make sense of it all. Tune in and let’s simplify the chaos.Loved this episode? Don’t forget to hit follow so you never miss a moment of real talk. And if you’re ready to take your salon or clinic to the next level, head to yourgrowthcoaches.com.au to see how we can work together.

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