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00:19 - What is Profit Sharing?

00:44 - Why Profit Sharing Works for Small Businesses

01:29 - Common Mistakes to Avoid with Profit Sharing

03:19 - Steps to Implement Profit Sharing in Your Business

03:24 - Step 1: Understand Your Numbers

03:51 - Step 2: Set Clear Goals

04:07 - Step 3: Celebrate Success

04:19 - Step 4: Review and Adjust Regularly

04:31 - Examples of Profit Sharing Structures for Small Businesses

04:39 - Equal Profit Sharing

05:31 - Tiered Profit Sharing

06:31 - Goal-Based Profit Sharing

07:40 - When to Pay Out Profit Sharing

09:20 - Key Takeaways