Green Growth Method Step#3 - MDL episode 73

2019-12-13

In today's episode, we gove over Step #3 of the Green Growth Method which is Know Your numbers. To me, not knowing your number is kinda like the hustle and grind. Both of these will only get you so far. And they both work... Until they don't. Our family business was perhaps a bit farther along than we care to admit before we REALLY dig into our numbers. 😳 So, the number that we’ll talk about in today's episode is the often glossed over Labor Burden. A real quick explanation of Labor burden is t...

In today's episode, we gove over Step #3 of the Green Growth Method which is Know Your numbers.

To me, not knowing your number is kinda like the hustle and grind.

Both of these will only get you so far. And they both work...

Until they don't.

Our family business was perhaps a bit farther along than we care to admit before we REALLY dig into our numbers. 😳

So, the number that we’ll talk about in today's episode is the often glossed over Labor Burden.

A real quick explanation of Labor burden is that it is employee costs that are above and beyond their hourly pay rate.

Examples of this would be payroll taxes, vacation time, holiday time, personal days.

For more great info on Labor Burden check out our latest podcast episode! 🎧

Links mentioned in this episode:

Podcast Episode 70 Introducing the Green Growth Method
Podcast Episode 71 Step #1 Add Structure To Your Business
Podcast Episode72 Step #2 Build Your Team

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