Chapter
Building a Big Company - The Headache of Managing Employees
31:52 - 35:33 (03:41)
As with any large company, managing employees is always a headache whether they are paid $70k or $150k. Higher churn rates in smaller companies result in lower revenue per employee which makes it harder to pay higher salaries.
Clips
The use of software in business can allow for a higher revenue per employee despite the increase in size and potential headaches that come with scaling a company with thousands of employees.
31:52 - 33:35 (01:43)
Summary
The use of software in business can allow for a higher revenue per employee despite the increase in size and potential headaches that come with scaling a company with thousands of employees.
ChapterBuilding a Big Company - The Headache of Managing Employees
EpisodeFrom Blogger To $100 Million Business With Neil Patel
PodcastMy First Million
This podcast discusses the balance between revenue-per-employee and lifetime value (LTV) of clients, and how each factor can be optimized in order to maximize profit.
33:35 - 34:26 (00:50)
Summary
This podcast discusses the balance between revenue-per-employee and lifetime value (LTV) of clients, and how each factor can be optimized in order to maximize profit.
ChapterBuilding a Big Company - The Headache of Managing Employees
EpisodeFrom Blogger To $100 Million Business With Neil Patel
PodcastMy First Million
In this podcast, the speaker talks about the advantages of owning a consulting company, including high margins and revenue per employee.
34:26 - 35:33 (01:07)
Summary
In this podcast, the speaker talks about the advantages of owning a consulting company, including high margins and revenue per employee. Although managing a larger team is always a challenge, the demand for consulting services makes it worth it.