Profit Sharing Explained | Should You Offer Profit Sharing in Your Business?

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What the heck is profit sharing and why would you do it in your business?
In this video Joe shares how it might work well in your business and increase profit. He’ll also walk you through some of the pitfalls and how it can go terribly, terrible wrong.
He’ll cover:
1) The benefits and pitfalls of profit sharing
2) Part of the Avalon journey with profit sharing
3) Why opening your books to your team can help
Important links:
Avalon website: www.avalonacco...
The Great Game of Business by Jack Stack:www.amazon.ca/...
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FAQs
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Should I offer profit sharing? bit.ly/PROFITSH...
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[@fayettevilleappliancerepai3017]

ive listened to the little information there is on the subject on youtube! This was it! This was the one! Thanks for the great information. Do the numbers first, and know when you will profit.

[@joshuad_tube]

Most valuable information on Profit Sharing I’ve found. Thank you!!

[@AvalonAccounting]

Glad it was helpful!

[@Arthur-ug3zx]

Great video

[@Patrick-hp5ok]

Why would I give a hack about the idea of profit-sharing to help the world with its dilemma and dollies

[@jacobgillette7656]

Amazing video thanks so much!

[@brittneyringgold9989]

Valuable information 👍🏽

[@jpizziie]

Does the employee have to make contributions?

[@TLH22]

So you do have to actually show your employees your p&l ?

[@AvalonAccounting]

You don’t have to - totally up to you!

[@TLH22]

@@AvalonAccounting thank you so much for the response. I was wondering if the “honor system” goes into play or if you need to actually show financial statements to staff?

[@samd8016]

Title misleading. U never explained it.

[@paulakjmayberry4048]

🤬