Bill Frazier

Bill Frazier's Posts

  • Often employees have no real notion of what it costs to operate a business. They think, for example, that the checks they collect go right into the owner's bank account. Profit sharing is a way to make them aware of costs. But it's hard to have a profit-sharing program if your profits are low, and many times companies don't know whether or not they're making a profit until the end of the year.

  • Focus on the financial side of the business, and have a business plan, regularly updated, to chart your course.

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