“I charged a large monthly retainer plus a percentage of fees... If you keep the winnings, I'm just here to do business development for you.”
♫
Said on Govcon Giants
Dave Ramsey · The Ramsey Show · Build A Life That Doesn’t Depend On Debt
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Allocate a fixed percentage of monthly profits (5-15%) to a business retained-earnings account for future growth
5%, 10%, 15%
“I charged a large monthly retainer plus a percentage of fees... If you keep the winnings, I'm just here to do business development for you.”
“Carnegie also insisted on railroad-style cost accounting… His monthly reports carefully spread labor costs… tracked all raw material inputs and percentage of waste… competitors literally had no idea what was going on inside their own company.”
“It was a percentage of the business at sale, and it was vested over four years ... if we sold the business a year after we developed the phantom program, it would be 25 percent of whatever that percentage was”
“I track my net worth monthly and I actually do it online… I share percentages on my social media”
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