I hail from the coast of Maine where I hand craft buckwheat based dog biscuits using all natural and organic ingredients. I focus my business on using locally grown ingredients in an effort to support local agriculture here in Maine.
Thank you ladderless. I really appreciate your time in that response, and you outlined clearly what my intentions were. To learn from others about wage gaps and how they are implemented and all that`s good and bad about them.
It`s good to have a place where lots of people with differing opinions can come and shed light on what they know or hypothesize on, though doing it in a constructive way is the way to do it.
So, thank you once again for thoughts. I think I`ve gotten a lot out of this thread and I`ll move on to my next quest for knowledge.
Gary, what I meant to say at the beginning was 400 times, not 400%. I would never expect someone to run a large company at 4 times what the lowest wage earner made. Not even Ben & Jerry`s went that low.
And why the condescending tone? Just because I want to explore options for fair compensation doesn`t mean that people should fire away at me... just MY humble opinion.
And also I don`t know where you got your sizing standards from, but the SBA government website doesn`t have that value of 100 million dollars in revenue for the definition of a small business. Check out the site herebarkwheats12/17/2008 4:28 PM
BurninGreen... nice, I like your ideas. And thanks Diego. Swany, thanks for your input. And yes, this is my first company, but my family has grown many multi-million dollar businesses in the past. To each their own.
Thanks Spiderman. That last question is the most important one, that`s true. :)
Also, BurninGreen... your last post was wrong on the math. If someone is making 8 dollars an hour, 400 times that is $3,200an hour, or about 6 million dollars a year. Just wanted to clarify that for folks.
Dear Barkwheats, Thank you for thinking this way about your business. Thanks for posting about it and for standing up for your position in the face of what, to me, was surprising criticism. I was interested and glad to read some thoughtful reflections as well, especially the part about unintended consequences. Good luck with your business. Hopefully the biscuits will come to a retailer near me (or online) in Ohio. I`m sure that my little dog will love them too.
I`m glad to hear others` responses as well. It does me no good to hear from all the people who agree with me, and does me all the world of good to hear from people who think differently from me.
And... you can certainly buy my biscuits online :) And if you have a store that you purchase from, let me know their name and I can see about getting our biscuits over there!