Series - What Can Squeeze Cash Flow?
/Staffing Levels – So you get to the point in your business’ life where you are at maximum capacity with the current level of staff you have and you want an extra employee to grow your business. How much extra income does your budget say you need to earn to make it a worthwhile proposition and cover all the extra costs that come with employing that extra person? Training costs, supervision, Superannuation, Insurance, amenities, etc. Can your current cash level support these changes until the extra income arrives or will the immediate cash drain of an employee put you in financial difficulties?