Successfully started 14 businesses, sold 8 and 3 of those were mergers/ asset sales. Service, construction, online, retail and product manufacturing experience. Pride myself on outside of the box ideas and creativity including original marketing techniques.
Last few businesses:
* Construction Company $18.2M Gross Sales
* Automotive Business $3.8M Gross Sales
* Advertising and Marketing Firm $933k Gross Sales
* Online Retail Websites $2.4M Gross Sales
* Service Business 12.6M Gross Sales
* Security Services $3.1M Gross Sales
* Online Services 2.7M Gross Sales
This is not an easy question as there are many items to consider. Management structure, wages, job descriptions, benefits offered and more. Turn over is a costly part of business, instead of asking the question what is acceptable, I would ask what is not acceptable. Make changes, get insight, conduct exit interviews and find out why you seem to have turn over. Make adjustments accordingly.
You would not “tie up” your SSN. The purpose is so that the Government can track your income. You must if you are the managing member of the LLC or officer attach your SSN when applying for an EIN. I would also caution you that you provide accurate information.