Employees who work outside of Seattle How do new employers determine the number of employees? For employers that did not have any employees during the previous calendar year, the employer schedule will be calculated based upon the average number of employees employed per calendar week during the first 90 calendar days of the current year of business. If an employer has both Seattle and out-of-state employees, does the employer need to count all employees to determine tier size?
Share on Facebook Your business goals must be a template for action, not a vague set of hopes for your company. When you look five years ahead, you might find it challenging to imagine where your organization will be, but you can create a realistic road map with a little discipline.
By dividing your planning into categories, you can put together a set of five-year goals that will guide your actions and decisions as you grow.
Profit You must remain profitable to survive and grow. Ask yourself what your profit margins will be in five years.
That is, consider what percentage of your gross income will result in actual profits. Use your industry standards to set your goals. For example, according to "Forbes" magazine, successful full-service restaurants enjoy slightly more than a 5 percent net profit margin.
Office supply stores, on the other hand, can expect to make a little over 1. Use industry standards as benchmarks for setting your five-year profit goals. You can also set your profit goal in terms of dollars. However, check the profit margin you will need to make those dollars, so that your expectations remain realistic.
Growth Think of growth in terms of the number of employees and your gross sales.
Set growth goals that will support your profit goals. For example, if you know you want to achieve a 5 percent profit margin, make plans to keep your payroll as low as possible as you grow. Simply paying a large payroll burden does not mean you are growing.
Set growth goals that include any additional branches of your business and additional products. As you implement your growth initiatives, you can check to be sure that revenues and profits grow with each expansion.
This "reality check" will keep your growth in line with your profitability. Customer Service You can set customer service goals for the next five years. While the goal might seem obvious -- to provide the best customer service possible -- that is not really a goal.
To make customer service into a five-year goal, choose measurable criteria. For example, you can set a goal of achieving 85 percent positive ratings on customer-service surveys.
You can also set a goal of reducing product returns by 50 percent. Effective customer-service goals will support your growth and profitability by providing repeat buyers and increased sales because of improved relationships with your customer base.
Stakeholder Goals Stakeholders include anyone who has a selfish interest in how well your business does. This includes employees, the community, lenders, vendors and of course, customers. If you think in terms of social responsibility, you can set stakeholder goals that not only improve the lives of others, but improve the standing of your business.
For example, you can set a goal of achieving high job-satisfaction ratings on employee surveys. You can make plans to contribute to the community through food drives or by improving a local park. You can create positive relations with lenders and vendors by paying all your debts on time.
You can ascertain this through customer surveys.Table 3. Ten-Year Revenue Impact of the Trump Tax Plan (Billions of Dollars) Tax Static Revenue Impact () Dynamic Revenue Impact ().
How to Create Your Five-Year Master Plan. Two weeks ago, I wrote this article here: The Most Valuable Strategy to Apply to Anything You Do. I received a lot of positive feedback from hundreds of you, many who privately messaged me to ask for specifics on what the plan looks like.
Some of you also asked that I provide my plan. The United States federal budget comprises the spending and revenues of the U.S. federal government. The budget is the financial representation of the priorities of the government, reflecting historical debates and competing economic philosophies.
9 Hours Ago. Here's a tax-planning tip: If you give generously to charity this year, you might be able to take a bigger break for your donation.
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