TIM411: Should I Pay My Employees First?

 
 
Today on TIM411, Tim answers the question, “Should I pay myself or my employees first?”

As entrepreneurs we take on the risk of business in exchange for future reward. Employees trade future reward with limited risk today. So employees get paid first.

But the reality behind this question is why is it being asked in the first place? Typically a business owner asking this question has a gross margins problem because ultimately both should be getting paid at the same time.

Listen in to learn how to fix this problem.

To get more entrepreneurship fundamentals, join Tim’s group: The Forge.
 

Click here to get your question on TIM411.