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How to manage payroll for retail & keep a low payroll to sales ratio

Homebase

Many small retail businesses learn to do payroll by themselves. Learn more. Here are some other ways to keep your payroll-to-sales ratio low: Hire only necessary personnel . Reducing payroll expenses starts with hiring. Or rather, not hiring. Homebase makes payroll painless. What is payroll-to-sales ratio?

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How to start a successful landscaping business in 8 steps

Homebase

And depending on your business offerings, you don’t necessarily need formal credentials or specific training to get started. While formal education isn’t usually a requirement, continuous learning can help you provide better services and increase your customer base. So you won’t need to invest too much of your earnings upfront.

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Matt Bachmann & Ben Gordon of Wandering Bear Coffee: “Hire people before you need them”

Thrive Global

Ben Gordon: Hire people before you need them. We learned this early on, and then we’ve re-learned every six months or so. and something that you don’t need to be the one doing and can hire for?—?like, you should probably hire for it immediately and spend your time doing things that only you can do.

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Matt Bachmann and Ben Gordon of Wandering Bear Coffee: “Just get started”

Thrive Global

The best learning you get is by doing and the power you hold as an early stage company is the ability to test things quickly and cheaply without huge repercussions. Less talking and more doing; this one could sometimes be a struggle for me and Ben early on. That’s often your only advantage. Can you tell us a bit about your “backstory”?