DecaMillionaire Decoded Employee Incentive Programs – What's the Best Fit Your Business?
In episode 14 of Financially Simple, Justin considers how to build confidence and motivate your team to improve the growth and value of Your Business.
A rising tide lifts all ships. As your Business grows, succeeds, and makes you more money, be sure to share that success with the people that helped to achieve it. Justin talks of how rewarding the team that grows the Business will, in turn, encourage them to invest their time, and even their money into the Business, and in turn create further development; and he discusses some of the ways to reward your Team.
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TRANSCRIPT: Employee Incentive Programs – Which Best Fit Your Business Structure? – Post #14
TIME INDEX:
00:39 - A Rising Tide Lifts All Ships
02:41 - Why Did You Start the Company?
03:41 - Monetary Motivation
06:00 - How to Build a Dedicated Team
07:52 - Keep Your Equity
10:24 - Share the Success
12:30 - Take Care of Your Leaders
13:58 - Reward Actions You Want to Encourage
14:50 - Ways of Rewarding
20:50 - Educate Your Team
For more in-depth reading about this podcast series, pick up a copy of Justin's new book: The Ultimate Sale
USEFUL LINKS:
Chris Snider, Walking to Destiny
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BIO:
Justin A. Goodbread, CFP®, CEPA, CVGA, is a nationally recognized financial planner, business educator, wealth manager, author, speaker, and entrepreneur. He has 20+ years of experience teaching small business owners how to start, buy, grow, and sell businesses. He is a multi-year recipient of the Investopedia Top 100 Advisor and 2018 Exit Planning Institute's Exit Planner Leader of the Year.DISCLOSURES:This podcast is distributed for informational purposes only. Statements made in the podcast are not to be construed as personalized investment or financial planning advice, may not be suitable for everyone, and should not be considered a solicitation to engage in any particular investment or planning strategy. Listeners should conduct their own review and exercise judgment or consult with their own professional financial advisor to see how the information contained in this podcast may apply to their own individual circumstances. All investing involves the risk of loss, including the possible loss of principal. Past performance does not guarantee future results and nothing in this podcast should be construed as a guarantee of any specific outcome or profit. All market indices discussed are unmanaged, do not incur management fees, costs and expenses, and cannot be invested into directly. Investment advisory services offered by WealthSource Partners, LLC. Neither WealthSource Partners, LLC nor its representatives provide legal or accounting advice. The content of this podcast represents the views and opinions of Justin Goodbread and/or the podcast's guests and do not necessarily represent the views and/or opinions of WealthSource Partners, LLC. Statements made in this podcast are subject to change without notice. Neither WealthSource Partners, LLC nor its representatives, the podcast's hosts, or its guests have an obligation to provide revised statements in the event of changed circumstances. Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the CFP® certification mark, the CERTIFIED FINANCIAL PLANNER™ certification mark, and the CFP® certification mark (with plaque design) logo in the United States, which it authorizes the use of by individuals who successfully complete CFP Board's initial and ongoing certification requirements.
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