Entrepreneur

How to Institute a Profit-Sharing Program

Profit-sharing can be tricky business, so here's what you need to know to do it right.
Source: illustration Š Paul Wearing

You’d think such a gesture of goodwill would be easy to implement and would inspire greatness from your staff. But in my experience, profit-sharing can be a tricky piece of business that requires caution—and a seemingly never-ending list of questions to answer, ranging from what, exactly, you are rewarding (net profit,

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