Comments on: What is your continuing education plan? http://smbitpros.com/2008/05/01/what-is-your-continuing-education-plan/ a resource for managed service providers and other small business IT professionals Sun, 12 Oct 2008 01:45:45 +0000 http://wordpress.org/?v=2.3.1 By: Mike http://smbitpros.com/2008/05/01/what-is-your-continuing-education-plan/#comment-182 Mike Sun, 04 May 2008 20:24:23 +0000 http://smbitpros.com/2008/05/01/what-is-your-continuing-education-plan/#comment-182 That's a good question and a legitimate concern. I can think of two ways that people are handling this: 1. They are only posting financials to the gross margin level and doing bonuses based on that number. If your company is small enough that you handle everything in terms of expenses, this could work. 2. They are posting "modified" financial statements instead of standard P&L's. What I mean is that you could take multiple buckets of expenses and lumping them into one larger expense category so that the details aren't as obvious. Either way, I think you can accomplish a great deal of what you are looking for. MRC That’s a good question and a legitimate concern. I can think of two ways that people are handling this:

1. They are only posting financials to the gross margin level and doing bonuses based on that number. If your company is small enough that you handle everything in terms of expenses, this could work.

2. They are posting “modified” financial statements instead of standard P&L’s. What I mean is that you could take multiple buckets of expenses and lumping them into one larger expense category so that the details aren’t as obvious.

Either way, I think you can accomplish a great deal of what you are looking for.

MRC

]]> By: Alexander Muse http://smbitpros.com/2008/05/01/what-is-your-continuing-education-plan/#comment-181 Alexander Muse Sat, 03 May 2008 16:46:01 +0000 http://smbitpros.com/2008/05/01/what-is-your-continuing-education-plan/#comment-181 With turnover in the IT space so high, it is hard for me to consider releasing our financials to employees. I assume your company is as closely held as ours and as a result the income numbers are easily associated with individuals. How do you deal with the realization that your income becomes a fairly public number (both to your clients and employees)? With turnover in the IT space so high, it is hard for me to consider releasing our financials to employees. I assume your company is as closely held as ours and as a result the income numbers are easily associated with individuals. How do you deal with the realization that your income becomes a fairly public number (both to your clients and employees)?

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