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But when forecasting the ultimate viability of a business, many times an entrepreneurial founder uses a low, unsustainable salary rate for him or herself in order to show early breakeven. If you had to replace yourself with a professional hired to duplicate your skills, what would you have to pay in salary and incentive today?
You should already be familiar with your key business drivers through a forecast sensitivity analysis – use this information to plan what to do in the instance of a negative shock, so that your decision making can continue to be swift and precise. Hire Employees. Good talent is much more available and less expensive during a recession.
But when forecasting the ultimate viability of a business, many times an entrepreneurial founder uses a low, unsustainable salary rate for him or herself in order to show early breakeven. If you had to replace yourself with a professional hired to duplicate your skills, what would you have to pay in salary and incentive today?
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