#lgbtqplusowned
14.4K views
#woodcoffeeco #thingstodoinlongbeach #longbeach #longbeachcalifornia #coffeetiktok #longbeachtiktok #coffeetime #coffeeshop #coffeetok #coffeelover #coffeecommunity #coffeeaddict #coffeequeen #morningdate #coffeeideas #supportlocalbusiness #lgbtqplusowned #plantbased #filamtiktoker🇵🇭🇺🇸 #filipinagirl #pinay #coffeefyp #fyp #fypシ
WAGES ARE NOT PROFIT. How to prevent this from happening at your business:
1. Calculate cost of living for your area: a living wage is going to be dependent upon where you live. Im in san diego, that cost is going to be higher than almost anywhere else in the country.
2. Track your hours. Tracking how long it takes to make AND PACKAGE each individual item is 🗝️ if you are able to make batches, take total time and divide by the number of products to get an average time cost.
3. Make sure all of your costs and fees are also calculated into the price. My equation is item cost+fees+labor, then i multiply that by 2, otherwise, my business would only break even. Wages are not seen as profit to companies, why should they be to you? Why use your wages to invest back into the company, you wouldnt do that at any typical job.
#smallbusinessadvice
#fyp
#smallbusinesstips #femaleownedbusiness #vegan #lgbtqplusowned #asianownedbusiness
#bossbabesociety
1. Calculate cost of living for your area: a living wage is going to be dependent upon where you live. Im in san diego, that cost is going to be higher than almost anywhere else in the country.
2. Track your hours. Tracking how long it takes to make AND PACKAGE each individual item is 🗝️ if you are able to make batches, take total time and divide by the number of products to get an average time cost.
3. Make sure all of your costs and fees are also calculated into the price. My equation is item cost+fees+labor, then i multiply that by 2, otherwise, my business would only break even. Wages are not seen as profit to companies, why should they be to you? Why use your wages to invest back into the company, you wouldnt do that at any typical job.
#smallbusinessadvice
#fyp
#smallbusinesstips #femaleownedbusiness #vegan #lgbtqplusowned #asianownedbusiness
#bossbabesociety
