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Avoiding Compensation Headaches…Especially with Family Members!

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Konten disediakan oleh Small Business Virtual Roundtables. Semua konten podcast termasuk episode, grafik, dan deskripsi podcast diunggah dan disediakan langsung oleh Small Business Virtual Roundtables atau mitra platform podcast mereka. Jika Anda yakin seseorang menggunakan karya berhak cipta Anda tanpa izin, Anda dapat mengikuti proses yang diuraikan di sini https://id.player.fm/legal.

“Show me the money,” is one of the most classic lines, from a movie favorite - Jerry Maguire. One of the most challenging duties in operating a small business is establishing an effective compensation program. That goes beyond just calculating competitive hourly rates and salary packages. But creating a happy team, that in turn create happy customers.

Compensation is always an issue. But that challenge pales in comparison to doing the same thing for family members who work in the business.

In this episode, our hosts, Lonnie Sciambi and Stan Simkins, also known, respectively, as “The Entrepreneur’s Yoda” and “The Family Biz Doc” will give you some guidance about when compensation can be an incendiary issue often driven by long-simmering family feuds or non-family members earning more than long-standing family members.

They’ll explore how a fair compensation strategy (for both family and non-family members) can help keep and professionally grow family members and attract non-family members, helping increase the overall value of the company.

They’ll show you how an objective outside advisor can guide this process and help you develop your own compensation strategy that fits your business and is more than just dollars transferred from employer to employee.

We invite you to enjoy this session with your personal tour guides to business freedom, the dynamic duo of Stan Simkins and Lonnie Sciambi. And, as always, they’ll regale you with war stories, that both carry a solid message, lesson or may bring a chuckle or two

Find more resources and learn more about their monthly, 90-minute VIRTUAL roundtables at SBVirtualRoundtables.com

And feel free to shoot us an email at info@sbvirtualroundtables.com with any feedback, questions, recommendations, or ideas for future topics of conversation.

Connect With Lonnie Sciambi

Website: www.thevalueforce.com

LinkedIn: www.linkedin.com/in/lonniesciambisprofile

Twitter: www.twitter.com/yodacanhelp

Connect with Stan Simkins

Website: www.CapitalFamilyBusiness.com

LinkedIn: www.linkedin.com/in/stanley-simkins-79399629

  continue reading

30 episode

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iconBagikan
 

Seri yang sudah diarsipkan ("Feed tidak aktif" status)

When? This feed was archived on September 16, 2024 19:18 (2M ago). Last successful fetch was on April 16, 2023 09:15 (1+ y ago)

Why? Feed tidak aktif status. Server kami tidak mendapatkan feed podcast yang valid secara terus-menerus.

What now? You might be able to find a more up-to-date version using the search function. This series will no longer be checked for updates. If you believe this to be in error, please check if the publisher's feed link below is valid and contact support to request the feed be restored or if you have any other concerns about this.

Manage episode 318508573 series 2982426
Konten disediakan oleh Small Business Virtual Roundtables. Semua konten podcast termasuk episode, grafik, dan deskripsi podcast diunggah dan disediakan langsung oleh Small Business Virtual Roundtables atau mitra platform podcast mereka. Jika Anda yakin seseorang menggunakan karya berhak cipta Anda tanpa izin, Anda dapat mengikuti proses yang diuraikan di sini https://id.player.fm/legal.

“Show me the money,” is one of the most classic lines, from a movie favorite - Jerry Maguire. One of the most challenging duties in operating a small business is establishing an effective compensation program. That goes beyond just calculating competitive hourly rates and salary packages. But creating a happy team, that in turn create happy customers.

Compensation is always an issue. But that challenge pales in comparison to doing the same thing for family members who work in the business.

In this episode, our hosts, Lonnie Sciambi and Stan Simkins, also known, respectively, as “The Entrepreneur’s Yoda” and “The Family Biz Doc” will give you some guidance about when compensation can be an incendiary issue often driven by long-simmering family feuds or non-family members earning more than long-standing family members.

They’ll explore how a fair compensation strategy (for both family and non-family members) can help keep and professionally grow family members and attract non-family members, helping increase the overall value of the company.

They’ll show you how an objective outside advisor can guide this process and help you develop your own compensation strategy that fits your business and is more than just dollars transferred from employer to employee.

We invite you to enjoy this session with your personal tour guides to business freedom, the dynamic duo of Stan Simkins and Lonnie Sciambi. And, as always, they’ll regale you with war stories, that both carry a solid message, lesson or may bring a chuckle or two

Find more resources and learn more about their monthly, 90-minute VIRTUAL roundtables at SBVirtualRoundtables.com

And feel free to shoot us an email at info@sbvirtualroundtables.com with any feedback, questions, recommendations, or ideas for future topics of conversation.

Connect With Lonnie Sciambi

Website: www.thevalueforce.com

LinkedIn: www.linkedin.com/in/lonniesciambisprofile

Twitter: www.twitter.com/yodacanhelp

Connect with Stan Simkins

Website: www.CapitalFamilyBusiness.com

LinkedIn: www.linkedin.com/in/stanley-simkins-79399629

  continue reading

30 episode

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