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In this YouTube video tutorial, Ryan discusses profit sharing programs and the importance of consulting with an accountant before implementing one. He wanted to reward his staff and involve them in the success of the business but was unsure where to start. He shares tips and tricks to make the implementation of a profit sharing program easier and emphasizes the importance of getting it right to avoid negative consequences. Profit sharing done improperly can do more harm than good. Ryan highlights the benefits of profit sharing and offers guidance for those considering implementing their own program.
