The first thing I need to get accomplished today is to get my sign up in the window of Shelton Photography. I am hoping he will be in before 9AM. If he is not, then I will have to wait until he gets in to put up the sign. I will give more details as things with that project work themselves out.
This morning I had a thought about trying something new. Mike my brother explained to me that someone had gotten a group of people together, provided them a meal and then pitched them the product he was selling. He said that he wouldn’t ever do a one on one or small groups again. I thought this would be a good idea for Mike. However, my new idea is to try this for my pay for performance idea. So I will be working through some of those details today. I need to see if I can find a list of business owners with over 50 employees. With this list create a mailer that I can send to each business owner. I also need to work up a basic outline for the presentation. I could possibly do that here. I will need to provide each person with a small note pad to figure out some calculations.
The other thing I need to do is write down that speech to see if I can get it below 7 minutes.
I guess the first part of this is put in the disclaimer, Maybe put the disclaimer that if your business already has a pay-for-performance strategy in place this is not something that will be beneficial.
The first part of the presentation I will ask them to write down how many hourly employees they have and then to times that number by $5000 and that is the amount of extra profit you will get out of your business by implementing a p4p plan. For instance if you have 17 employees, by implementing a p4p plan you will be able to create an extra $85,000 a year in profit. The next calculation is the write down the number of salary employees. Add up what you are paying them per year. Then times that by 20%. That will give you another opportunity for profit. So if you have 5 salaried employees and their combined payroll is $375,000 a year times that by %20 which is $75,000 a year in extra profit potential.
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