Today Mark Thomas of WildhornOutfitters.com joins the show to help shed some light on profit sharing. Who is eligible? How much do people get? Does profit sharing truly work to motivate people to work harder? While implementing profit sharing into his business, Mark has found the answers to these questions and more. Listen in as he shares them in this episode.
You’ll learn:
- How to set up a profit sharing program
- The benefits of profit sharing over giving a Christmas bonus
- How much of your profit you should actually share
- Whether profit sharing really works to motivate people
(With your host Andrew Youderian of eCommerceFuel.com and Mark Thomas of WildhornOutfitters.com)
What Was Mentioned
- Mark Thomas: Website | LinkedIn
- Harvard Business Review Study
- Hiten Shah Tweets
- Klaviyo Boston Event
- Klaviyo
- Liquid Web
- eCommerceFuel Job Boards
- eCommerceFuel Forum
Pexels: Alexander Mils
The post Designing a Profit Sharing Plan appeared first on eCommerceFuel.
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Andrew Youderian, Khareem Sudlow
