Calling Business Owners

By Les Popham

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March 10, 2023

As a business owner, how many employees do you have?

How many employees do you think you need to have?

Obviously, that depends on what type of business you have. If you’re selling physical products, you’ll need warehousing, which you’ll have to pay for, one way or the other while if you have a business and want to liquidate it, you can use resources from sites like https://business-insolvency-company.co.uk/what-is-a-winding-up-order/.

Your average warehouse doesn’t fill (or empty) itself, so you’ll need trucks, drivers, vehicle maintenance people, product inventory trackers and database for businesses.

Such people don’t work for free, so paying your employees has to be a major cost item. Can you afford that?

Does your profit on sales cover salaries/wages, office premises, admin staff?

And does that volume of business leave you enough to pay your bills, and feed, house and clothe your family?

If you can (honestly) answer Yes to the last three questions, you’re doing well, and you should carry on.

I’ll ask just one more: How much of your time does your business require of you?

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