The EntreLeadership Podcast cover image

Why Making a Profit Isn’t Enough to Survive in Business

The EntreLeadership Podcast

CHAPTER

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.

00:00
Transcript
Play full episode

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
App store bannerPlay store banner