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I said I'd never do it... the costs of salary,workmans comp, unemployment ect.... plus no one works as hard as I do so I knew I'd end up resenting anyone I hired.... but last fall we just couldn't take it anymore.... going home exhausted.... not getting back to clients... even sales paperwork left undone... so we hired a person... half office manager and half junior broker... WOW! Should have done it years ago....
I’ve heard that once you are producing $350k gross, it gets pretty much necessary.
As much as I hate my former company ed jones, that was an awesome feature of their business model. Once you have your own office you get your own personal administrativr asistant. They ate a ton of losses on me my first 3 years (of course I made it all back for them plus a LOT of profit). Only having to focus on selling made a huge difference.
75k GDC, start looking for part-time assistance. If you want to grow, you need someone to do the tedious stuff. I am very rural, perhaps metropolitan areas are twice that number.
Thinking of doing the same thing half and half how are you compensating that person? And I didn't want to do it until I netted home around 300k
In Upstate NY so depending on your location you may have to pay more. $57k base, $1000 per month commission guarantee ( she gets 25% of gross), $1000 of bonus each quarter.... one I choose based on office management , one she and I mutually agree on based on actions which should lead to sales. 3% Simple match and $200 a month towards health care. I wanted to add organization to my office, coverage for when my husband and I are away but wanted a person with a sales attitude. My plan is and was for 50% time split between office management and sales.