PAYING FOR YOURSELF

There is a rule in business that stands out quite well when an employer hires employees and pays them a certain amount of money. If the amount being offered is not flexible, the business is saying that it will pay that amount only and can afford to if it gets what it wants. There are some employees that insist on more thus the rule I am about to explain

PAYING FOR YOURSELF

Business today is a serious matter because of the dollars & sense that drive it. Fail to respect the economics of any business foundation and it will soon give itself up and die an early death. Profit & loss has to make cents, be maintained and forever managed.

PROVE ME WRONG

I have no doubt that many qualified people are underpaid only because the business cannot sustain otherwise. But here is the point. If you, as a new hire can prove two things, then that can change. First, that you are worthy of the amounts being offered. The pay is earned thus the system of give & take works

THE BACON

Two, you prove to them that you are worth much more via results. In other words, you not only pay for yourself, but pay more by bringing in more or adding more tangible value. I say tangible because even if you were loved dearly, that doesn't raise in the income necessary to pay you more

TYPE OF PROFIT SHARING

In some jobs, and commissions are one of them, it is not uncommon for a person to command pay 2-3 times more than they are worth making them eligible for promotions, perks and privileges. If on commission, a cut of the income no problem. Salary plus commission or bonuses

JUST BEING HERE?

Many people feel that after being on the job for a while that they are entitled to more money. They may be right but that doesn't mean your boss is the source & solution of that belief. It can be but in real life, many can find a better paying job or get a part-time job if their current position doesn't come through

LEMONADE ANSWERS

Wherever and whatever you go and do, you must pay for yourself unless you are doing a volunteer situation where money is not an issue. But if not the case, even a lemon-aide stand run by kids has to answer to the economic laws albeit in a fun way and with no real risk of loss

FREE LEMONADE?

Lemonade is not free. Lemons are not free nor is the ice, stand, marketing and time spent either. What one does is add up all these things, assign a reasonable amount of expense to it and add some profit on top of that figure to make a work career out of anything

MOUTHS TO FEED

Our country and its systems are compromised of many middlemen or people who bridge the gap of getting goods and services to the actual end-user. They tack a little on for their services but are held to a small return which in turn makes them do volume or settle for consistency. 

WHERE'S THE PAY-OFF?

Remember, these are the rules of business. Now you can waive these rules if you can and if you cant, you must respect them. You can always add your bottom-line to it but it must pass the test of results no emotions or analytical thinking. It has to pay-off

NOTE: If you are in a self-employed business you do not need to raise your own pay simply because you get to keep what is left over at the end of the reconciliation which could be monthly or quarterly

SELF-ASSESS

Ask yourself: Do you pay for yourself? There is no wrong answer because each one of us has our own values. It gets even more interesting too because those values can go up or down depending on us and our circumstances. But the assessment is what we share in common