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You are currently reading a thread in /biz/ - Business & Finance

Thread replies: 11
Thread images: 1
> Be me a rich guy
> own a large sum of money and decide to open a company for manufacturing dairy products
> I hire 100 employees to work in my company they all have different skills, let's say 10 are engineers, 30 are highschool graduates and 60 are people who didn't even pass middle school
> I set income for the engineers to be $50 per hour (imaginary) and 15$ for the workers (or the minimum money to keep them alive and be able to have basic needs like food and water)
> people with high skills (engineers help me out in designing the machines and better methods for milking cows and producing cheese)
>while those with less skills will work on jobs that require low skills or none at all (like highschoolers might work on accounting or some may act as negotiators and stuff like those)
>and those with very low skills will work in jobs that require less skill (like assembly of products, milking cows, cutting cheese, or similar stuff where I mainly just need a working had to do the job)
>my factory costed about $1,000,000 and the upkeep is $200,000 for products and wages for my workers
>my company started working and after a month I earned $350,000
> I pay $200,000 for the upkeep and decide to keep $100,000 for myself so that I can eventually pay up the money I spent on the factory
> I then give everyone who worked in my factory a raise of $50 because due to their effort we managed to make a profitable company together (costs $5000)
> with the $45,000 that I have left I try and spread commercials and buy more workers
> I consult with my workers and ask for ideas to improve the company (e.g a low skill worker tells me that one of the machines is working slowly and we should buy a newer model)
> I decide to buy the new model
> apparently he was right I earned $400,000 the next month (50,000 up)
> I do the same, give everyone a $10 extra on top of the other $50 and give that specific man a raise and an extra of $20
> use the remaining again to improve
Am I wrong here?
>>
>>1052624
You can run a company this way. It's called profit sharing. When I was in college, I worked in a factory that did this. If we exceeded earnings estimates, the amount that we were over by was split amongst the employees. Generally it fell between $500-1,000 per quarter. Not a huge amount, but the morale in that place was through the fucking roof.
>>
>>1052631
Can you provide me with a source for such companies?
>>
>>1052638
Just look up profit sharing. It's similar to what you're talking about. I can tell you've never really been in the workforce. I'm in your other thread as well.

Most companies will give you bonuses and the like when you save them money. My father worked in an electronics plant as a board tester. He came up with a way to save the company a shit ton of money. They gave him 10% of what they saved that first year. He did it again and the same thing happened.

Margins are not large enough in most industries to bring more than one or two people up to an income level where they could go open another plant.
>>
>>1052655
Is it possible to open another plant though? Like on the long run
>>
>>1052655
Also maube the margins are not big enough because of state taxes? Or thay it's not being implemented to the fullest?
>>
>>1052624
a socialist would look and say it's a joke that you only gave a $20 raise to a guy that earned you 50k.
But I'm not a socialist so I think it's ok.
>>
>>1052697
Giving him the entire profit is not worth for a single good action, But working more will earn him a better pay, the more he contributes the more I pay him. But also the more he works the more others can get too, so his ideas will improve the quality of life for everyone around him as the company grows bigger.
>>
>>1052706
I totally agree with you anon. I'm just entertaining myself by thinking like some people I know would think. Excuse my autism.
>>
>>1052664
No. Sharing that money means no one person will ever have the capital required to open one.

>>1052678
What? Margins are thin because consumers demand the lowest prices possible and competition encourages a thin margin.
>>
>>1052727
So how can you compete in the market with such idea? How do you expand the company?
Thread replies: 11
Thread images: 1
Thread DB ID: 449138



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