Trivia
How Much Will The Owner of Trainual Pay New Employees to Quit?
You read that right. SaaS company Trainual offers new hires cash to quit after 2 weeks.
How much do they offer? And why? See Trivia Answer below to find out ⬇️
Cash Flow Scenarios
How to Monetize a Community-Based Business
Serial entrepreneur Jodi Brandstetter started the Influence Network Media, a professional community to help business leaders draft, write, publish and market their nonfiction books. Designing a profitable network-based business has its own caveats—from business operations to services and various income streams.
We spoke with Jodi about how owners can successfully build a community-based business. She offered tips on:
- Finding the right business partner
- Keeping tracking of cashflow for multiple businesses
- Reducing costs
- Creating a solid services list
Related: You might also enjoy this article based on the interview ➡️ Monetizing a Network: How Jodi Brandstetter Started Her Second Business.
Business Leaders Set Optimistic Goals for 2022
JPMorgan Chase recently released their 2022 Business Leaders Outlook Survey, providing some insight into how organizations are approaching the uncertain economy.
The good news? Most businesses are optimistic. 63% of small businesses believe they'll see revenue and sales growth in 2022 and 1/3 of mid-sized businesses are running at a greater capacity than the year before.
Get the details on upcoming challenges and trends in this article.
10 New Year’s Resolutions for Small Businesses
Looking to make the most of 2022?
The top 10 New Year's Resolution goals for small businesses highlight some of the best ways owners can charge ahead this year. Our favorites from this list include:
- Updating your business plan
- Outsourcing where you can
- Expanding your network
- Reviewing your customer's experience
Read the full list here.
Pulse Q&A
🤔 Can I clear my cash flow data and start from scratch in Pulse?
Feeling the urge to clear your cash flow data in Pulse and start with a clean slate?
🙋 Yes, you can clear your cash flow in Pulse with one button.
It's simple. In Pulse, just click Billing (top right) and scroll down and click Need to clear your cash flow? Choose to clear your income data, expense data, or both.
Clearing your cash flow this way will not delete your income and expense categories. You can keep your Pulse account set up the way you like it while quickly removing old data to build new scenarios.
Note: If you'd like to export any data before clearing it, you can go to any Cash Flow view and click Export. You'll then choose the accounts and date range to include in your CSV export.
New to Pulse?
Check out this video tutorial and written guide to get started on the path to cash flow clarity.
Trivia Answer
Answer: $5,000
Trainual offers new hires a whopping $5,000 to quit.
The goal is to retain top talent and weed out hires that don't fit the company culture. According to this article, it works.
This strategy seems less far-fetched if you look at the numbers: It can cost anywhere from one-third to two times an individual's salary to replace them. Encouraging poor hires to leave on their own can help your team save time and money.
"It’s important to know really quickly if we’ve found the right people," says CEO Chris Ronzio.
Read more about Trainual's success with this bizarre strategy here.
See you next month!
As always, your success is our top priority. Be sure to reach out to support@pulseapp.com if you need help with anything.
Best,
The Pulse Team