Want to optimize your labor costs effectively? Check out this episode where Khalil & Martin discuss the benefits of using a salary cap to drive profitability and sustainable growth. Don't miss out!Time Stamps00:18 - Episode Intro02:36 - Understanding the Salary Cap Concept04:01 - Implementing the Salary Cap in Business Planning06:05 - Strategies for Efficient Hiring and Growth10:24 - Exploring Pay for Performance and Other Models11:36 - Episode OutroQuotable Moments from the Show"Employees are your ticket to freedom. If you don't have employees, you're always gonna be working a job. But they also can be the most frustrating thing you do. So hiring well is a skill. It's not something you can do with a hundred percent certainty, but you can certainly improve the odds." - Martin Holland"If you wanna scale your business, perhaps you need to bring more people in. And you know that you need to do that, but you can't do that until you're paying for it first. Your profitability has to go up." - Martin HollandNeed Help Producing High-Quality Podcast Content Without The Headache? SCHEDULE YOUR DISCOVERY CALL WITH DEMANDCAST!More from Martintheprofitproblem.comannealbc.com   Email MartinMeet With MartinLinkedInFacebookInstagramMore from Khalilbenali.com Email KhalilMeet With KhalilLinkedInFacebookInstagramMore from The Cashflow ContractorSubscribe to our NewsletterSubscribe to our YouTube channelFollow On Social: LinkedIn, Facebook, Instagram, X(formerly Twitter)Visit our websiteEmail The Cashflow ContractorResourcesCFC 066 - Making Small Business Magic with Mike MichalowiczCFC 112 - Mowing, Marketing, & Managing Franchises with Mike AndesCFC 075 - The Profit First Master with Rob WilliamsSimple Numbers, Straight Talk, Big Profits!: 4 Keys to Unlock Your Business Potential by Greg Crabtree Need Marketing Help? We Recommend BenaliNeed Help with podcast production? We recommend Demandcast