I have a friend who will be starting a new small business from the one that he already has and I wanted to understand a couple of things as far as mathematics.
Since he presently already has a small business lease on a small building, he would like to start an I.T. services opportunity. What I'm confused about is if he is planning on hiring 3 employees, with the following compensation:
employee #1 : annual salaray of $80,000
employee #2: annual salary of $50,000
employee #3: annual salary of $50,000
Since it's a startup company and he probably does not have many clients, how is he supposed to make salary payments every two weeks and somehow make a profit somewhere. He is planning on charging between $100 - $125 an hour.