{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Built for the Trades","title":"How Much Can You Afford to Pay Your Team? The 20% Profit Formula","html":"","width":"100%","height":180,"duration":452,"description":"OverviewIn this episode, Dan breaks down one of the biggest questions trades business owners face: How much can you actually afford to pay your team? He explains why payroll decisions should be driven by profitability instead of emotion and shares simple financial benchmarks that help business owners build a stable, profitable company.DiscussionsLearn why healthy payroll starts with healthy profit margins and how chasing revenue alone can lead to costly compensation decisions.Discover the ideal payroll percentages for field labor and total company labor, along with the simple formulas to calculate them.Understand how tracking these benchmarks helps you confidently decide when to give raises, hire new team members, and grow without sacrificing profitability.If you're ready to make smarter payroll decisions, strengthen your margins, and build a business that supports both your team and your long-term goals, this episode provides practical numbers you can start using today. Don't forget to subscribe to the Built for the Trades Podcast and share this episode with another trades business owner who could benefit from these insights.\nFor more leadership support and to connect with other trades business owners, join our Built for the Trades Skool Community here:\n https://www.skool.com/built-for-the-trades/about\nFree Coaching Call:\nLooking to dive deeper into your leadership journey? Schedule a free 30-minute coaching session with me at https://link.builtforthetrades.com/widget/booking/qetDwdbwknifZZLUGwwp\n👉 Subscribe for more leadership and business tips!\nhttps://www.youtube.com/@builtforthetrades","thumbnail_url":"https://img.transistorcdn.com/4vgRSqKos3ktzDd_JpiLKSYA7H135l_htcWJayQj0Yw/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS84YTlj/YjMyZWJjZGU3ZDE1/NmFhYjYzZDU2MDAw/ZjUyNi5wbmc.webp","thumbnail_width":300,"thumbnail_height":300}