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re: Salary for President of $4 million dollar company
Posted on 9/21/15 at 3:37 pm to bayoudude
Posted on 9/21/15 at 3:37 pm to bayoudude
250-300k feels about right of the person is actively involved in every aspect of the business. ~15 employees eats into that revenue pool rapidly.
This post was edited on 9/21/15 at 3:38 pm
1
Posted on 9/21/15 at 3:45 pm to lynxcat
quote:
lynxcat
Agreed. And bullshite on the earnings. The net is nowhere near 50% IMO. That's a ludicrous number in this day and age.
Posted on 9/21/15 at 4:18 pm to VABuckeye
Id put a base at 200k...and work up to 250-280k in bonus.
Posted on 9/21/15 at 4:20 pm to VABuckeye
if i had to guess his true net is around the 10% range, if so i would thing a president with non ownership status would make around the $100-120K range
managing 15 people is not really that grand of a task
managing 15 people is not really that grand of a task
Posted on 9/21/15 at 5:03 pm to yellowfin
quote:
sign me up
consulting FTW
Posted on 9/21/15 at 5:15 pm to Coach Guidry
I'll do it for $198k. Plus a car allowance.
Posted on 9/21/15 at 5:40 pm to barry
quote:
consulting FTW
This. Right. Hurr.
Posted on 9/21/15 at 8:25 pm to CHiPs25
no way to answer this based on the anorexic details given. Many critical details missing. Have you calculated a required return yet? Do you know what that is? Do you have an MBA? What is the NPV?
Posted on 9/21/15 at 9:15 pm to CHiPs25
$4 Million in Gross Revenue
50-60% Profit Margin
12 Employees
Illegal Drug Trade?
The short answer would be what is the industry norm, then amend that for productivity.
The longer answer would be to analyze what they are doing and how much you want to keep them.
50-60% Profit Margin
12 Employees
Illegal Drug Trade?
The short answer would be what is the industry norm, then amend that for productivity.
The longer answer would be to analyze what they are doing and how much you want to keep them.
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