- You hired a big salary team that still expects to be paid when profits fall by half.
- Any scenario where your team earns more than you do as CEO/owner.
- Your marketing guy insists on sharing in the profits, until profits drop and he wants you to pay him more anyway.
- You decided to save salary and pay your assistant a portion of revenue...then revs triple and you're paying your assistant $350,000 a year.
- You shared equity in your company with key team members that leave and still own part of your company forever.
- You paid your sales team too high a percentage when sales were small without being okay with paying them $500,000 each a few years later.
- You didn't include the right to change comp plans in your agreement and now you can never adjust them for any reason.
- You decided to brag on your profit sharing plan before you had enough profits to share.
- You don't have the right people working on comp problems and now you have 35 employees with 35 different comp plans.
- You didn't include any performance bonuses so your team feels left out when you celebrate big months.
I've personally experienced all of these comp mistakes (and plenty more). Reach out to me for a free phone call or zoom if you need help with your comp plan.
