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In this tutorial, Abby Johnson from Matterhorn Business Development discusses how to set up an effective bonus plan for employees. As a certified Profit First professional, she emphasizes the importance of aligning the bonus plan with business growth, profitability, and cash management. Johnson often addresses the question of how to reward employees for their contributions and improvements in the business's performance. She notes that bonus plans can be highly customizable, tailored to each unique business scenario. Throughout the session, she intends to share her preferred business model for creating these plans, ensuring they effectively motivate employees while supporting the company's financial goals.
