Tricky stuff to figure here, because situations can be so different.
That said, I believe I made more as a contract repairer (50%) than as a shop owner during the tougher years.
A music store is now such a classically unprofitable venture thanks to Internet pressure, that it's no surprise there's not a lot of profit to be shared. At my shop, we distribute profit sharing to all employees, as we can (meaning all the profit of the business most of the time), and we keep all informed about how we're doing along the way.
All employees in my shop work on salary rather than commission, and all get full benefits, which cost a LOT, dontcha know.
I doubt our business model can survive. . . .
__________________
Cheers,
Frank Ford
|