In this episode of Remarkable Results with Carm Capriotto, he speaks with Greg Skolnik from Motor Works in Rockville, Md, and Sabrina Gatewood from King Amaco about retirement plans and profit sharing. As shop owners, they both have a perspective and opinion on retirement plans for your people
If you asked your people if they had a retirement account or even a decent nest egg you will most likely get a blank stare or a no answer. You just discovered an important benefit you can provide your people. Sure, you’ve got to have the profits in the company to start up a program like this, but there are many creative ways to start a 401K and/or profit-sharing program.
First off, we are not giving any advice or are even qualified to give advice. This is an open discussion among your peers to get your thoughts started, or even to educate you on this potential employee benefit. You need to contact a certified financial planner, your accountant, and possibly an attorney if you get serious about creating another benefit that keeps your team working for you.
Invest in this episode even if you don’t have a glimmer about providing a retirement saving discipline for your people. You may not be ready today, but the information in this episode will give your ideas and insights if ever you consider doing this.
This episode’s key talking points are already done for you. Find them at remarkableresults.biz/a211. Let's talk about it.
Carm Capriotto is the aftermarket podcast guy and hosts the industry's premiere podcast. Carm is connecting aftermarket professionals willing to share their wisdom so we all rise to new levels of success. The Remarkable Results Radio Podcast is where service professionals, technicians, business coaches, educators, and industry executives among others bring raw, unfiltered, honest, and sincere stories that shaped their success.
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