How are we to know what to pay employees?? As I am writing this, a client called with a situation where a potential employee just turned down the job because of money. AHHH!!! Where is the manual on this issue?
Scott helps to cut through the CHAOS of employee compensation, ownership, and the popular but confusing issue of incentive compensation in this episode of the Business ON Purpose Podcast.
NOTE: This episode has been drawn from a recent Webclass that Scott delivered to Small Business Owners by the same title.
It does not matter where in the world your business is placed, we have observed common challenges in small businesses and organizations throughout the world. Whether it be employee headaches, cash flow challenges, quality problems, or feeling like there's never enough time, the reality is… there is never enough time!
So what is the solution?
After having a lengthy discussion with a local business owner over lunch, Scott realized there are really two primary factors that must be installed before even the most basic business processes. In this episode, Scott will walk methodically through each one of these two items so you can begin implementing right away!
If you need help go to fourstepstobusinessfreedom.com
They run a $14M business with very little understanding of their finances, and it has left them in a continual state of anxiety and worry. The CHAOS is paralyzing thoughtful decisions in favor of reactive responses.
The good news is they don't have to continue in that mindset, and yet they keep saying "that won't work here". I finally said, "stop!"
There are so many other options, so many more things that can free them from the anxiety.
Not "get rich quick" schemes.
Not "just sign up here and your life will forever change".
Instead, they could choose a thoughtful perspective and put in the hard work, or just keep doing the same thing that led to the anxious result.
In this episode Scott pushes us to think outside the limits and STOP saying "that won't work here!"