Episode 694 – How to Structure a Wage Model for Your Cleaning Company
Jess’s Cleaning Company – The Story Behind Its Existenc
In 2018, Jess and Natasha started their cleaning company in Indianapolis, Indiana, after their lives got hit by a major roadblock. They both lost their jobs in sales and had monetary responsibilities. So, Jess started her cleaning job in a college and started putting out residential cleaning services in the neighborhood. She initially thought that she would do it for a couple of months until she managed to stabilize her income. Soon after, Natasha decided to go back to her school and pursue her dreams. So, she also joined her friend Jess on evenings and weekends for cleaning. And that’s how their cleaning company came into existence.
A Company For Women By Women
Going Ahead With the Business and a Massive Problem
Looking For a Solution in the Wage Structure
As the solution for this, Mike’s primary advice is to reframe the wage structure of their business. The following points cover Mike’s overall take on their business module based on his experience and facts.
- According to Mike’s tak, those who handle the cleaning job on the spot, are not going to be good at other responsibilities. Thus, a good cleaner might not be a good salesperson. Job distribution is crucial.
- Secondly, one should pay wages based on the worth of the worker. Paying people more than the value they are bringing is not going to help a business.
- One can only serve the poor when he/she has enough resources to distribute. In simple words, you cannot serve the poor if you’re poor yourself. So, if the company really wants to help women, it needs to make big numbers.
- According to Mike, they could follow the 50-30-20 module to divide the business revenue. So, 50% for the main expenses, 30% for overhead expenses, and 20% for the business owners.
Jess’s Takeaway On Investment
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