my business plan - your opinions?
I've identified a number of different marketing projects/strategies ranging from local business SEO, discount cards for local businesses, and some fundraising efforts that the company will be using to make money. Initially, the pay will be entirely commission-based. Taxes aside, this is how I am thinking our profits will be divided:
50% commission to the associate who landed the deal
20% to me as owner
30% company funds (which will be further divided and used for expenses, charitable causes, and possible monthly profit-sharing to smooth out bad months)
I have always wanted to do something that positively affects the community, and this idea will enable me to do that. Ideally, I would someday like to be able to give a house to a needy family, improve a park, make a sizable donation to Toys for Tots around Christmastime, or any other just cause whenever possible.
My main question is what do you think of my revenue division? I really don't mind paying my guys a lot to encourage them to close more deals, although I will most likely put a cap on their commission payments. In my mind, this plan is easily scalable when I decide to expand into new areas.
Any and all feedback is welcome. Thanks.
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