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11min chapter
Why Making a Profit Isn’t Enough to Survive in Business
The EntreLeadership Podcast
Structuring Fourth Quarter Bonus
This chapter explores the challenges of determining the right goal for a fourth quarter bonus in a staffing and recruiting franchise. It discusses the mistake of paying bonuses for activities that don't result in profit and suggests aligning the incentive plan with the desired outcome. The chapter also touches on rethinking the business model and proposes an alternative approach to charging clients.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode