I Can’t Figure Out How Much to Spend on Payroll
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From the headquarters of Ramsey Solutions, this is the Entree Leadership Podcast, where I take calls from leaders like you about what it takes to win at any stage of business and leadership. I'm Dave Ramsey, your host, with over 30 years of experience leading in the trenches right alongside you. If you want to submit a question, go to ontrary leadership.com slash ask, or you can leave a voicemail, and either way we'll get you set up to be a caller here. Voicemail number is 844-944-1070. That's 844-944-1070.
Kaylee is in Portland, Oregon. Hi, Kaylee. How are you? Hi, I'm good. Thank you so much for taking my call.
Sure, what's up? So I own a small low-volume dog grooming salon. I have three full-time employees and one part-time. And last year we did 422,000 in sales. My question is, is there a certain percentage, like just a general rule, that I should be aiming for for my payroll to be at, given that I'm solely service-based with no retail, any other income sources?
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