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Old 01-13-2017, 01:30 PM
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Leigh Leigh is online now
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Join Date: Apr 2013
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Quote:
Originally Posted by Cat Herder View Post
The issue, most likely, has nothing to do with payroll. More likely it is due to mortgage, business taxes, insurances, supplies, maintenance, etc. Payroll, in my experience, was not the biggest expense for owners. It was already figured into the total annual expenses, before deciding on tuition rate. The way to save money was to hire less experienced providers for less pay.
Exactly this. You figure rates by ANNUAL expenses and break it up into weekly (or whatever) payments. If I were to NOT charge for days off, I'd have to build those expenses into my rates to cover them. I STILL need the same amount annually to meet my expenses and pay myself a salary.
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