I*am*me
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Start off by employing people on a temporary basis and only when you need them, that way you could employ someone minimum wage for a couple of hours a day. You should be getting deposits from your clients so that should cover the cost of a temp (or two!) |
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From ABOVE
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you most have cash on hand our you will have some angry pople |
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hillbillly15902
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Pay by Job the money you get from catering job divide out to your employees like they are part of your over all operation. |
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kimmy3
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Regardless, you have to pay your people, or get sued in court. Period. You should have thought of this BEFORE you hired people, that is a crime, punishable by a jail sentence. |
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Robert D
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You shouldn't have people on payroll if you don't have a steady cash flow. I know it might be tough but you'll have to find employees that will be willing to come through in a pinch. If you have to hire, employ only those employees that will be able to make a contribution to your company even when there are no orders such as scouts that will help you drum up business. Best of luck to you in your new venture. |
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Brutus
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You need to manage your cash flow. Go to http://www.score.org/template_gallery.html and download the Excel template for estimating cash flow. |
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smartypants909
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At first I would hire contract labor, hire and pay them by the job, not by the hour or on salary. Maybe pay them on a percentage basis. |
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Zig
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Do not hire anyone until you can afford it.
For you, it may mean lots of extra hours. Don't let that bother you because you're building a business.
When you know for sure that you can pay someone, then hire them to free you up a little.
I would advise AGAINST taking out any loans. Do this steady and slowly. You're a STRONG FOCUSED turtle. Not a quick and cut corner rabbit.
You may even want to pay employees with equity in the business. Get professional help on doing this though to make sure its structured correctly and fairly for you and the employee. |
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Aidan
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you coudl use an outsourced company for this like ADP or if your bank provides this service you may have an easier time.
under law, you have to pay people, so you must have money on hand to pay them when they complete the job for you. if you can't hire full-time/regular people you could always do a 1099 form (if you pay them more than $750 in a year) with them which leaves them as contractors/freelancers and you with the flexibility of using 2 people or 20 depending upon your project. if they are working for you that day, pay them out at the end of the day for the hours worked by check or use cash and have them sign a receipt |
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John
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Pay your employees when you get paid. Make sure they understand that when you call them for a job. |
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prayerw
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call a bank tell them I'm sure that will help . where are you do LIVE DO u want more bussiness .? word of mouth is great for success GOOD QUESTION |
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