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Sieva Kozinsky - Long-Term Thinking is an Advantage - Ep.212 [TLAO Replay]
Think Like an Owner
Aligning Incentives with Ownership
Ownership mindset in executives is crucial for the success of a business. It is essential to align incentives with ownership by ensuring executives have downside risk along with upside potential. Executives must have personal capital at stake to truly behave like owners. This is reflected in the commitment and sacrifices owners make, such as providing personal guarantees for business operations. Executives who have invested personally are more likely to persevere through challenges and drive business growth. The key is to create a balance between offering upside equity for growth and ensuring executives have 'skin in the game' to weather tough times and stay committed to the business's success.
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