As an employer, you may need to reward your employees for various reasons. For starters, you may reward them as a way of commending them for the excellent work that they have been doing. Additionally, you may reward them during the company’s anniversary, public holidays, or even when it is their birthday. You must have […]
Incentives
How to Effectively Reward Your Employees
As an employer, you may need to reward your employees for various reasons. For starters, you may reward them as a way of commending them for the excellent work that they have been doing. Additionally, you may reward them during the company’s anniversary, public holidays, or even when it is their birthday. You must have […]
How to Create a Loyalty Program for Your Customers
Many businesses are creating loyalty programs because they recognize the value in establishing a long-term relationship with their customers, but many entrepreneurs are encountering tough challenges along the way that put them off the idea entirely. Creating a cost-effective loyalty program that generates meaningful results for your business isn’t easy, and you’ll need to be […]
Would You Pay a High Achiever More Than Yourself?
Recently I was asked to review an offer letter for a senior director of business development. The CEO was concerned that he was offering far too much in the form of incentive compensation, with bonuses that could greatly exceed the base salary if all the bonus items were achieved. I asked the CEO to imagine […]
5 Ways to Manage Rapid Growth
Managing rapid growth can be a challenging and daunting task at times, as things are capable of unraveling at any moment in time. This is particularly true for startups as well as young, growth stage companies. There are several steps that you can take to ride out the storm and help to achieve a certain […]
Press Release Partnerships: Worth the Effort?
Many of us make it a priority to find and partner with companies that can add to our offering or extend our reach. And we rightly celebrate each such pairing, often with a mutual press release. And sometimes that’s all we end up doing. Call it a “press release partnership.” Or an opportunity missed. Or […]
Startup Stock Options as Fool’s Gold
Terry had a good job with an established software company but left to join a startup. Why? “Because they’re giving me startup stock options.” Too bad. Two years later that job ended. That startup was going nowhere, cutting costs, and fighting extinction. Terry needed a new job. Again. What about those options? They had no value whatsoever. They […]
10 Work Incentives to Attract and Retain Top Talent
You might have started your business on your own, but you won’t keep it running that way. Every good business needs a team of talented workers behind the scenes, making all the magic happen. If you’re like most business owners, you’ve probably realized building that dream team can be a struggle. It takes a lot […]
Motivate Your Staff with These 4 Easy Incentive Programs
You’ve heard it before, but we’ll say it again: your small business is only as good as your employees. Without them, it doesn’t matter how much money you have in the bank or how great your business ideas is. At the end of the day, your employees are the ones who help drive sales, encourage […]
5 Ways to Ensure Success in a Growing Business
Business success is at the heart of every entrepreneur’s intentions for starting a business. Because failure is not an option, business owners actively seek for ways to improve upon the things they do to keep their business alive. Tweaking things here and there is a strategy of ever-increasing improvements until their business is running like […]
