We picked a great marketplace. We were a pioneer in payroll processing for very small companies. And we had the perseverance and good fortune enough to stick it out.
Starting my own business was kind of a wakeup call in a number of different ways. I had to meet a payroll every week, and we had to satisfy customers, and we had competitors that we had to compete with in order to have those customers come into our stores, and we had to compete with other employers for our employees.
I came up with the idea for what later became Paychex in 1970 when I was working for Electronic Accounting Systems, a company that sold payroll processing to companies with 50 to 1,000 employees.
I've felt for some time that economics needs to be taught differently by economists who actually have had experience making a payroll or investing on Wall Street. When economics is taught by pure academics, watch out.
Like any small business owner, I experienced the pressures of building a company from the ground up - developing a business plan, balancing the books, meeting payroll and building a customer base.
I like the fact that Donald Trump has been in the private sector. I like that he's had to make a payroll. I like that he's had to do projects.
You know, in the beginning when your first payroll comes up and you have to borrow money to meet the payroll, you lose sleep the night before, and you say to yourself real fast, 'Well, maybe I should keep working a couple more years. It's sobering.
I run a small company with 18 employees on its payroll.
If you move or get married, that has to be changed with HR, payroll, medical insurance, life insurance, etc. It is a huge administrative headache that requires a full-time staff.
We went on 'Fallon' and they had like one hundred-plus employees working on one show, and it's like, I can't afford more than two employees.
Electronic Accounting Systems processed my little payrolls like one big payroll. I did the selling, and the people I hired did most of the operations.
If you make payroll every time, everyone will be satisfied with your budget regardless of how bad it is.
When we started Workday, we were originally very focused on the core HR system. Then we added payroll, and then we got into performance management.
I relate to what Gov. Romney brings. I know what it means to balance a budget. I know what it means to write a paycheck and not only cash one. I know what it means to create a job, and I know what it means to struggle with my business every day in terms of keeping our doors open any day but definitely in a difficult economy.
If you hire relatives, you'll have a payroll that won't quit.
Zenefits is basically a service that manages all of your payroll, benefits, and associated HR details that come along with those. Dealing with new employee onboarding, offer letters, and managing that - and we do it for free.
I was $4,000 short on my first payroll.
I actually once sat at the back of a payroll class in America - just me and 40 women! And I'm sitting back there, learning payroll, because I want to understand it. So that when I talk to people about payroll I know what they're talking about. And I set up and managed and ran a full payroll system myself.
