Liberals are death to business from what I have seen in this Forum. All businesses are EVIL and are cheating the employees and packing millions and millions of dollars of Gold in their basement vaults.
Hey all you Libs Let's see if you understand the barest minimum about business?
Answer the following Five Questions Please
Lets say you own a business making High Quality Wooden Yard Furniture and you sell to Home Depot, Lowes, Menards, Garden Centers, and other vendors. You have a recognized name brand and have 150 employees.
You sell over ten different price ranges and styles and have a complete line of everything that anyone might need for yard furniture.
Questions to answer!
1. Which employee is your most valuable?
2. Is the total of all the wages paid wages equal to the amount you need to earn as a company?
3. How much money do you think you should earn as the company owner of the below successful small business?
4. If the economy tightens or goes in a recession like we have, are you going to hire more employees, fire everybody that is not essential or go bankrupt?
4. For all the geniuses - How many employees do most Small Businesses have?
Those 150 employees are broken down as
3 secretary's
2 shipping clerk - shipping orders
5 salesman salary plus bonus
1 Office Manager
1 Warehouse manager
1 personal secretary
1 lumber procurement employee
90 various wood working machine workers
15 dyers, stainers finishers
15 Assemblers and packaging
10 Warehouse
4 maintenance mechanics
2 janitor
Let’s figure the Wages Paid
To simplify everything we will use an arbitrary average wage of $ 25 dollars per hour for all 150 employees when figuring their wage.
40 x 25 = $ 1,000 per employee / per week
TIMES 52 weeks = 52,000 paid to each employee yearly.
Times 150 employees =
7,800,000 a year.
Question - is $ 7,800,000 the minimum amount the companies needs to sell in order to break even?
Oh and the company has a health care plan for employees it provides free.
No it’s not
1.) The Employer is paying a Social Security contribution of 5.4 % = ......
.$421,200
In addition the Company is paying
2.) For the Health Care Plan - $2.00 per hour - (probably more) -
$ 2. X 40 = $ 80 X 52 weeks = $ 4,160 X 150 = .......................................
$ 624.000
3. Paying for Workman's Compensation .50 per hour
40 x .50 = $20 per week x 52 weeks = $1,040 x 150 = ..............................
$ 156,000
4. A sensible (Successful) Company must or should try to have at lease 6 months receipts in the bank to cover for slow periods, when the economy turns down so it doesn’t have to fire everybody.
That’s $ 7,800,000 x 6 = $ 46,800,000 dollars
THERE ARE VERY, VERY FEW COMPANIES THAT HAVE SIX MONTHS EARNINGS IN THE BANK.
So Business can quickly go bankrupt when times get tough and they are not selling the same amount of products.
5
additionally the company pays
A. Property taxes
B Business Loan payments
C. Electricity
D. Water
E. Workplace Liability Insurance
F. Product Liability Insurance
G. Building Maintenance expenses
H. New Technology Purchases machinery, robotics equipment, installation expenses, training expenses. Equipment and machines can be $50,000 to $1,000,000 dollars
I.) New hand tools, maintenance parts
J. Heating
K. Air Conditioning
L. Errors and Omissions Insurance
M. Attorney Expenses for Contracts
N. Attorney Expenses for Law suits
O. Salesman Travel Expenses
P. Bonuses
Q Unemployment Insurance
R. Lease / Rent or Mortgage payments
S. And many that I'm not listing
Answer >>>>>>>>>
1. The most valued employee?
It's the Owner. Without hIm there would be nothing. Without him the business would have never been built from virtually nothing.
Next to that it's probably the best experienced and highest producing Contract obtaining Salesman.
The Fortunes of the Company ride on the Salesmen being able to keep contracts and generate new orders. That’s why they often or usually are paid bonuses.
BONUSES IS ANOTHER WORD FOR MAJOR CONTRIBUTION TO PROFITS
2. Answer to - Is $ 7,800,000 the bare minimum the company needs to earn per year to stay afloat?
Obviously not You can easily add another 40 % needed to stay afloat - which is $3,120,000 dollars.
Total needed to stay afloat = $ 10,920,000 Per Year
THAT’S FOR A BORDER LINE 150 Employee SMALL Business using the $25.00 average wage
3. How much money do you think you should earn as the owner of this company?
I would like to hear the responses from the Liberals?
4. With no reasonable good business outlook like we currently have, particularly with two dozen new taxes staring you in the face, your certainly not going to hire. In fact you are probably going to soon lay off employees as continuing to pay them can push you rapidly on the way to insolvency. You will cut the number of your employees to the bone and then may have to lay many of them off as well. If you don't have six months of profits in the bank as a cushion that will be very, very soon. None of your fixed bills will decrease and you have a really big nut to hit every month whether your making money or not as a company.
The major reason for business bankruptcies are few of them have six month receipts in the bank as cushions to weather financial downturns
5. For all the Liberal Geniuses - How many employees does the average small business have?
The leftist Media / Press and Liberals are always criticizing Small and Large Business because they never tell the truth and don’t have a pimple of an idea what they are talking about.
I would like to hear the response from the Liberals on this?
I’m know that your all way, way off. I believe the answer will shock you.
Simply go to this website and the information will educate you.
Statistics about Business Size from the Census Bureau
Hint = 75% of all US Small Business has NO payroll.
