© Copyright One Sherpa Pty Ltd 2010
How you can get PAID substantially better as a business owner
© Copyright One Sherpa Pty Ltd 2010
Do you feel as though you’re underpaid for what you do?
© Copyright One Sherpa Pty Ltd 2010
Do you take a wage from your business?
Or do you just take a drawing from the profits?
© Copyright One Sherpa Pty Ltd 2010
Has your accountant told you to take money from the business during the year…
and then it will be all sorted out for tax at the end of the year?
© Copyright One Sherpa Pty Ltd 2010
Do you simply take whatever money is left over and…
hope that you’ll have enough to pay your personal bills?
© Copyright One Sherpa Pty Ltd 2010
The primary reason why you are underpaid is that you’ve forgotten to ask the customer to pay for YOUR wages
© Copyright One Sherpa Pty Ltd 2010
Taking a drawing from the profit means you’re overstating the profit…
not treating the time you work as a real cost in the business
by forgetting to pay yourself first and…
© Copyright One Sherpa Pty Ltd 2010
If you fail to recover the true cost of wages who is going to pay you?
© Copyright One Sherpa Pty Ltd 2010
PROBLEM #1
calculates the margin you receive from your customers AFTER deducting your wages
© Copyright One Sherpa Pty Ltd 2010
This gives a true reflection of the margin you’re making
AFTER paying for the cost of your time
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This is the only way to make sure you have a sustainable business
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Let me show you how this works in One Minute Business Checkup
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© Copyright One Sherpa Pty Ltd 2010
© Copyright One Sherpa Pty Ltd 2010
Let’s calculate how many more sales we need to ensure we have a sustainable margin
Business Owner Costs $ 80,000Other Costs $600,000Total Costs to be recovered $680,000
To ensure 20% Margin divide by 0.8New sales figure $680,000/0.8 $850,000
© Copyright One Sherpa Pty Ltd 2010
© Copyright One Sherpa Pty Ltd 2010
Checkout your own information now.
© Copyright One Sherpa Pty Ltd 2010
Make sure your business is recovering ALL the costs from your customers
© Copyright One Sherpa Pty Ltd 2010
Go to www.oneminutebusinesscheckup.com and see for yourself whether you’re properly recovering a
sustainable wage from your business