Podcast | Episode 286

Designing a Profit Sharing Plan

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

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(With your host Andrew Youderian of eCommerceFuel.com and Mark Thomas of WildhornOutfitters.com)

What Was Mentioned

 

Pexels: Alexander Mils

Andrew Youderian
Post by Andrew Youderian
Founder and Chief Instigator, eComFuel Andrew quit an early finance job to sell CB radios online — an admittedly unorthodox career path. It set him on a course to found and sell multiple businesses, host a decade-running podcast, lecture at Harvard Business School and create eComFuel, the leading community for 7- and 8-figure online business owners. Andrew is fascinated with branding, AI, building community, investing and growing meaningful businesses that don't require sacrificing what truly matters.
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