How reducing your pay can help your business

04/5/2013 | Entrepreneur online

Reducing your salary can be a good way to show solidarity with your employees and free up some resources to keep your business afloat during tough times, Victor Cheng writes. It may be a good idea to lower your pay if sales and profits have dropped or if you need extra cash to help your company enter a new market. "Taking a short-term pay cut now, can help your business fund new R&D investments and enable future sales growth," Cheng writes.

View Full Article in:

Entrepreneur online

Published in Brief: