I'd say part ownership works, but with small percentages, they just say thanks and that's a bonus.
Just be honest with them and throw up some sales targets. And let them know if you can't meet them then you'll all be out of a job.
Everyone thinks the boss is raking in the cash, but if you aren't then they might feel a little guilty goofing off.
You might lose some workers who fear job security but you don't want them anyway.
And if they meet these targets, the cash bonus means more.
Yep. Small percentages would be pretty pointless.
You’re spot on. The old team had the idea that I was a millionaire. I’ve been more open about the challenges that we’re facing lately which seems to be getting through to some extent. But we’re still not seeing the changes we need.
Setting targets will be a must. And there might be a need to remove people who resist change too much. But at the end of the day, if they’re not the right fit then we just can’t keep them.