

How to Pay Your People and Survive a Down Economy
Oct 30, 2023
Topics discussed include honoring a mother's legacy without debt, establishing annual bonuses, not being able to afford staff raises, eliminating business debt, dividing assets in a family business, challenges of buying from family members, determining bonuses in a fluctuating economy, the principle of generosity in profit sharing, financial challenges of giving raises, showing appreciation without monetary raises, unique ways to express gratitude, importance of being debt-free in a down economy.
Chapters
Transcript
Episode notes
1 2 3 4 5 6 7 8
Introduction
00:00 • 2min
Dividing Business and Estate Among Siblings
01:37 • 11min
Pricing, Family Relations, and Holiday Challenges
12:43 • 5min
Determining Bonuses in a Fluctuating Economy
18:03 • 8min
Principle of Generosity and Profit Sharing in the Company
25:44 • 4min
Financial Challenges and Showing Appreciation to Staff
29:23 • 7min
Showing Appreciation in Difficult Times
36:18 • 5min
Importance of Being Debt-Free and Having Cash Reserves in a Down Economy
41:04 • 8min