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Salary for President of $4 million dollar company
Posted on 9/21/15 at 11:14 am
Posted on 9/21/15 at 11:14 am
What does the MB think an OK salary for a President of a $4 million company should be? No debt, approximately 14 employees and making 60% margin.
Edit - Sorry for lack of details. Company is $4m gross with about 12 employees. Not sure what Net Profits are but I would assume they will be around $2.5-$3m.
Edit - Sorry for lack of details. Company is $4m gross with about 12 employees. Not sure what Net Profits are but I would assume they will be around $2.5-$3m.
This post was edited on 9/21/15 at 12:57 pm
13
Posted on 9/21/15 at 11:20 am to CHiPs25
Worth 4 million? Gross of 4 million? Net of 4 million?
Posted on 9/21/15 at 11:31 am to CHiPs25
Zero way anyone can answer this question with the information provided.
Posted on 9/21/15 at 11:37 am to CHiPs25
$3.975 million
Posted on 9/21/15 at 12:15 pm to gizmoflak
Around 10% of gross revenue.
Posted on 9/21/15 at 12:18 pm to CHiPs25
It's not a math problem - consult a salary guide or a head hunter for the market rate
This post was edited on 9/21/15 at 12:19 pm
Posted on 9/21/15 at 12:27 pm to CHiPs25
If I'm the President of the company, every dollar I can get!!
4 million of what? Market value, revenue, net profit, etc?
Is that 60 percent before admin and overhead?
4 million of what? Market value, revenue, net profit, etc?
Is that 60 percent before admin and overhead?
Posted on 9/21/15 at 12:35 pm to CHiPs25
Roughly this much:
This post was edited on 9/21/15 at 12:36 pm
Posted on 9/21/15 at 12:41 pm to CHiPs25
1738
Posted on 9/21/15 at 12:54 pm to Coach Guidry
Gross of $4m.
Posted on 9/21/15 at 1:04 pm to CHiPs25
quote:
What does the MB think an OK salary for a President of a $4 million company should be? No debt, approximately 14 employees and making 60% margin.
Edit - Sorry for lack of details. Company is $4m gross with about 12 employees. Not sure what Net Profits are but I would assume they will be around $2.5-$3m.
Either I'm in the wrong business or you need to rethink your estimates.
$3M in earnings on $4M in revenue?
Posted on 9/21/15 at 1:08 pm to CajunAlum Tiger Fan
It's not my business so I don't have 100% of the information. Not sure what the materials cost, salaries, insurance.... i'm going off straight assumptions. It's a very well-run company with no debt so earnings are probably not going to be as high as $3m but maybe towards $1.5-$2m.
Posted on 9/21/15 at 1:17 pm to CHiPs25
quote:
It's not my business so I don't have 100% of the information. Not sure what the materials cost, salaries, insurance.... i'm going off straight assumptions. It's a very well-run company with no debt so earnings are probably not going to be as high as $3m but maybe towards $1.5-$2m.
There are plenty of guys here who can give you much better info than I can, but $1.5 - 2M in earnings on $4M in Revenue is still an extremely high net profit margin.
Posted on 9/21/15 at 1:19 pm to CHiPs25
What are the presidents responsibilities? Is he/she the only shareholder?
Posted on 9/21/15 at 1:29 pm to CHiPs25
quote:
It's a very well-run company with no debt so earnings are probably not going to be as high as $3m but maybe towards $1.5-$2m.
I'm not worried about what the president is making, I'd like to know the industry that is providing a 50% margin. That's where I need to be.
President/CEO salary depends on many things like the industry, the role he plays in the company, experience, and location.
Posted on 9/21/15 at 1:46 pm to CHiPs25
if the president is the owner, then what ever is left over at the end of the year on the budget sheet
Are you sure the 60% margins are accurate?
Are you sure the 60% margins are accurate?
Posted on 9/21/15 at 2:07 pm to CHiPs25
quote:
60% margin.
sign me up
Posted on 9/21/15 at 2:09 pm to CHiPs25
4m in revenue with 2.5-3m in net profit? yeah, sounds like bullshite
Posted on 9/21/15 at 2:29 pm to donRANDOMnumbers
Is the President involved? An owner? or Figurehead?
Posted on 9/21/15 at 3:32 pm to CHiPs25
I would think $250-300k max for a company doing 4 mill in business. Overhead, insurance etc eat that revenue up quick.
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