1032: How One Small Business is Avoiding Layoffs, Gravity CEO Dan Price

Published: April 20, 2020, 7 a.m.

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As CEO of his company, Dan Price went from earning $1 million a year to $70,000 to now $0\\u2026as his business Gravity Payments struggles to stay afloat amidst the current economic crisis

You may remember Dan who joined us on the show back in 2015 to share news of how he\'d raised the minimum salary at his company to $70,000 and he, himself taking a massive pay cut to $70,000.

Now, facing a 55% drop in revenue in a matter of weeks, Gravity Payments, like so many businesses, had to make quick financial decisions to avoid bankruptcy\\u2026rather than layoff his employees, as many businesses do and have done\\u2026Dan has managed to keep everyone on staff\\u2026with a unique strategy, he\\u2019s here to talk about\\u2026and something I think can be a lesson for many employers.



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