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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: https://www.avalonaccounting.ca/'>https://www.avalonaccounting.ca/
The Great Game of Business by Jack Stack:https://www.amazon.ca/GreatGameBusi...

Connect
Website: https://www.avalonaccounting.ca/'>https://www.avalonaccounting.ca/
Facebook:   / avalonaccoun.  .
Instagram:   / avaloncpa  
LinkedIn:   / aval.  .

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‍ ONLINE COURSES
► Take your business to the next level with our online courses.
https://www.avalonaccounting.ca/'>https://www.avalonaccounting.ca/courses

LEARN MODERN BOOKKEEPING
► Learn to do your own bookkeeping with modern tools and our proven practices.
https://www.avalonaccounting.ca/'>https://www.avalonaccounting.ca/cours...

BOOKKEEPING AND TAX FOR FREELANCERS
► This course teaches sole proprietors how to simplify bookkeeping and taxes.
https://www.avalonaccounting.ca/'>https://www.avalonaccounting.ca/cours...

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FAQs
What Can I Writeoff? http://bit.ly/EXPENSESCAN
Should I incorporate my business in Canada? http://bit.ly/INCORPCAN
What is a shareholder loan? http://bit.ly/SHLOANCAN
When and How Should I Hire an Employee? http://bit.ly/hirelikeapro
Should I offer profit sharing? http://bit.ly/PROFITSHARECAN

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Check out some of our FREE guides:

Starting Your Business Guide:
https://joecollins.typeform.com/to/bc...

Business Owner’s Productivity Guide:
https://joecollins.typeform.com/to/zJ...

Financial Foundations Guide:
https://joecollins.typeform.com/to/jF...

1 Million Dollar Service Based Business Guide: https://joecollins.typeform.com/to/e2...


Manage Your Own Bookkeeping Course:
https://avalonacounting.thinkific.com...