It’s been a rough week for our interim finance manager, and I’m not sure how to take it. He has been handling a lot of the day-to-day work, but he’s still not doing a lot of the long-term planning.
Thats what I was thinking.
Like so many other small businesses, we’ve been dealing with a lot of financial pressure lately because of our growing debt. We’ve been forced to increase our minimum payroll from the $10 per hour that we’ve been paying to the $12.50/hour that we were paying before. Our company is about to go public, which means that all the money we make will go to the investors, and they will then take it off our hands.
That makes a lot of sense, but it also means that our cash flow is extremely limited. The reason that we are having to increase our payroll is because we are now working with a new investor and he offers us a 10% raise. If we dont increase our payroll by 10% we will be fired. The only way that we can continue to grow our business is by increasing our payroll to 12.5 hours.
That’s a lot of hours. There’s a lot of paperwork involved. The reason we are having to raise our payroll is so that we can hire additional employees. Which means that our payroll will have to be increased by $12.5. If we raise our payroll by a small amount we can continue to grow our business. If we raise our payroll by a large amount we will be fired.
So our payroll will have to be increased to 12.5 hours. Which means that we will be fired sooner rather than later if we do not increase our payroll. Which means that we will be fired sooner than we would like without increasing our payroll. Which means that we might be fired sooner than we would have liked, but we can’t really foresee it. We can’t predict what we will be fired to, but we can foresee what we will not be fired to.
If we want to lower our payroll on a monthly basis, we have to increase it to the minimum by one hour. Which means that we have to raise our payroll on a monthly basis by 10 hours. Which means that we have to increase our payroll to 25 hours, which means that we have to raise our payroll by 25 hours. Which means that we have to raise our payroll by 25 hours. Which means that we have to raise our payroll by 25 hours.
If we want to make our monthly payroll into 25 hours, we have to pay our hourly employees 25% of their hourly wages. If we want to make our weekly payroll into 25 hours, we have to pay our hourly employees 25% of their hourly wages. If we want to make our monthly payroll into 25 hours, we have to pay our hourly employees 25% of their hourly wages.
You can probably see where this is going. The average human being only works about 20 hours a week, so you can’t really just pay your employees their hourly wages. If you’re a manager, you have to decide how much you’re willing to pay for each employee. Paying them a certain number of hours a week is probably not such a good idea.
That’s where interim finance comes in. If you’re paying your employees a certain number of hours a week (and they have a certain set amount of hours to work each week) then you can pay the employees 25 of their hourly wages. That is, you can do whatever you want with your employees. You can give them a bonus, they can get a raise, you can hire them, change their hours, whatever.
