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Ryan discusses profit sharing in this tutorial and stresses the importance of consulting with an accountant before implementing a profit sharing program. He shares his own experience of wanting to reward his staff but not knowing where to start. He explains that rolling out a profit sharing program improperly can do more harm than good. Ryan offers tips and tricks to make implementing a profit sharing program easier. He emphasizes the importance of wanting to involve staff in the success of the business as a motivation for considering profit sharing.
