My Business On Purpose

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!"

Jared and his wife (aka Superwoman by Jared) are building an incredibly unique family while also bringing that uniqueness to small businesses. Jared talks about the gift of slowing down coming from a fast-paced background of elite sports and faith-based ministry. As the age of the Millennial came into full speed Jared began receiving questions about these "strange" Millennials, even though he just sees them as people. Jared is know as the Millennial-whisperer as he explains their diversity and uniqueness in their overemphasis of what separates them. Jared loves the Millennial mind and their values, and helps all of us understand these talented people and how their narrow brilliance is a huge asset to our society. He discusses the right Millennial investments to make in your business. Sinek challenges us to "Start With Why", Jared recommends that we follow that up with "Start With Who".

Revenue is coming in the door, your product and service is being sold. You are wrestling through the reality of running a small business; the employees, the customers, the banks, the accounts payables and receivables, etc. Outside of a few numbers on a Balance Sheet or a Net Income statement (which usually don't tell you the entire story), you begin to wonder... "Is my business even healthy?" Just like your human body, it is a worthy investment of time to sit down and ask yourself some strategic and thoughtful questions determining the health or disease of your business. In episode 77 Scott will walk you through 9 questions you can ask right now to determine the health of your business. Make sure to go visit MyBusinessOnPurpose.com and download the free "Is My Business Healthy" Quick Assessment.

70% of the American workforce are not engaged in their work (even more globally). Culture exists in every business regardless of whether it is "good" or "bad". Last week we discussed what it takes to actually build culture based on three primarily elements. This week, Scott reveals the two major things that you can do immediately to begin delegating culture throughout your business or organization.

You know it when you see it, but how do you actually go about intentionally building "culture" into the fabric of your business (and every other area of your life)? We explore the literal biology of the word and come up with three primary areas that are needed to develop a powerful, healthy culture in your business. Even if you are a one-man/woman firm, you are still building culture. Here is how you can begin thinking through it.