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If you want to start a business and save some money, check out Ownr with our affiliate link: http://bit.ly/OWNRAVA
What the heck is profit sharing and why should you implement it in your company?
In this video, Joe explains how it can work well in your business and increase profits. He also walks you through some of the pitfalls and shows you how it can go horribly wrong.
He will cover the following topics:
1) The advantages and pitfalls of profit sharing
2) Part of the Avalon trip with profit sharing
3) Why it can be helpful to make your books accessible to your team
Important links:
Avalon website: https://www.avalonaccounting.ca/
The Great Game of Business by Jack Stack:https://www.amazon.ca/Great-Game-Business-Expanded-Updated/dp/0385348339/refsr_1_1?crid3FG6GHBUVZVCJ&dchild1&keywordsgreatgameofbusiness&qid1606756934&sprefixgreatgameof%2Caps%2C216&sr8-1
Connect
* Website: https://www.avalonaccounting.ca/
* Facebook: https://www.facebook.com/avalonaccount…
* Instagram: https://www.instagram.com/avaloncpa/
* LinkedIn: https://www.linkedin.com/company/aval…
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ONLINE COURSES
Take your business to the next level with our online courses.
https://www.avalonaccounting.ca/courses
️ LEARN MODERN ACCOUNTING
Learn how to do your accounting yourself using modern tools and our proven procedures.
https://www.avalonaccounting.ca/courses/bookkeeping-with-xero-and-dext
ACCOUNTING AND TAXES FOR FREELANCERS
In this course, sole proprietors learn how to simplify their accounting and taxes.
https://www.avalonaccounting.ca/courses/bookkeeping-and-taxes-for-freelancers
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FAQ
What can I write off? http://bit.ly/EXPENSESCAN
Should I start my business in Canada? http://bit.ly/INCORPCAN
What is a shareholder loan? http://bit.ly/SHLOANCAN
When and how should I hire an employee? http://bit.ly/hirelikeapro
Should I offer profit sharing? http://bit.ly/PROFITSHARECAN
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Check out some of our FREE tutorials:
Guide to starting a business:
https://joecollins.typeform.com/to/bcOpcE8R?typeform-sourceavalonaccounting.ca
Productivity Guide for Business Owners:
https://joecollins.typeform.com/to/zJfbA48x?typeform-sourceavalonaccounting.ca
Guide to financial basics:
https://joecollins.typeform.com/to/jFOOltxF?typeform-sourceavalonaccounting.ca
Guide to $1 Million Service-Based Businesses: https://joecollins.typeform.com/to/e26VYo7R?typeform-sourceavalonaccounting.ca
Course “Manage your own accounting”:
https://avalonacounting.thinkific.com/courses/bookkeeping-course
Please take the opportunity to connect with your friends and family and share this video with them if you find it useful.
