Originally Posted by
AnkleWork
I stopped reading at "profit sharing." Profit is a synthetic number and thus manipulable.
Here's another approach:
Learn some accounting. Calculate the fully loaded cost to employ you (including employer payroll tax, any benefits, everything). Calculate how much operating income and free cash flow you produce. If you produce a multiple of of the cost to employ you, then ask the question "Boss, how much money do you want me to make for you in the next twelve months?" Show them how the answer will be in your paycheck.
This is olny an entre into the conversation. Remember that return on invested capital, cost of capital, owners' discretionary income are all ahead of you in line.
The question that you have to be prepared to answer is: "If you pull your hand out of a bucket of water, how big of a hole does it leave?"
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My greatest fear is all of my kids standing around my coffin and talking about "how sensible" dad was.