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Ep 261: Should you hire contractors on RETAINER? Hourly vs Retainer vs Salary

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Manage episode 462345138 series 2609566
Content provided by Gillian Perkins. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Gillian Perkins or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

If you’re a solopreneur, it might feel impossible to imagine the day when you’ll hire a team to help run your business. I know exactly how that feels—I’ve been there too. But as my business grew, I learned a lot about what it takes to build a team and, just as importantly, how to pay them.

In this episode, I’m sharing my journey from being a one-woman show to leading a team of 10. I’ll walk you through the pros and cons of different compensation models—hourly pay, retainers, salaries, and project-based payments—and reveal the lessons I’ve learned along the way. Plus, I’ll share how shifting to project-based payments transformed my team’s efficiency and helped us work smarter, not harder.

Whether you’re dreaming of hiring your first team member or managing a growing group, I’ll give you practical tips to create a compensation strategy that fits your business and supports your goals.

Listen to the full episode to hear:

  • The pros and cons of different compensation models, including hourly pay, retainers, salaries, and project-based payments.
  • My personal journey from solopreneur to leading a team of 10—and the lessons I learned along the way.
  • Why switching to project-based payments transformed my team’s efficiency and productivity.
  • Practical advice for choosing the best compensation strategy for your business, no matter its size.

FREE Resources to Grow Your Online Business:

Work with Gillian Perkins:

  continue reading

287 episodes

Artwork
iconShare
 
Manage episode 462345138 series 2609566
Content provided by Gillian Perkins. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Gillian Perkins or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

If you’re a solopreneur, it might feel impossible to imagine the day when you’ll hire a team to help run your business. I know exactly how that feels—I’ve been there too. But as my business grew, I learned a lot about what it takes to build a team and, just as importantly, how to pay them.

In this episode, I’m sharing my journey from being a one-woman show to leading a team of 10. I’ll walk you through the pros and cons of different compensation models—hourly pay, retainers, salaries, and project-based payments—and reveal the lessons I’ve learned along the way. Plus, I’ll share how shifting to project-based payments transformed my team’s efficiency and helped us work smarter, not harder.

Whether you’re dreaming of hiring your first team member or managing a growing group, I’ll give you practical tips to create a compensation strategy that fits your business and supports your goals.

Listen to the full episode to hear:

  • The pros and cons of different compensation models, including hourly pay, retainers, salaries, and project-based payments.
  • My personal journey from solopreneur to leading a team of 10—and the lessons I learned along the way.
  • Why switching to project-based payments transformed my team’s efficiency and productivity.
  • Practical advice for choosing the best compensation strategy for your business, no matter its size.

FREE Resources to Grow Your Online Business:

Work with Gillian Perkins:

  continue reading

287 episodes

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