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The Secret To Building Multiple Businesses - Chris Koerner
Boring Businesses
Incentivize with Income and Cultivate Entrepreneurship
Standardizing incentives in a recently formed holding company can be complex, especially when merging diverse businesses. Currently, the chief of staff is incentivized by the net income of all ventures, balancing profitable and loss-making entities. Looking ahead, there's a desire for all teams to have aligned incentives based on net income. Additionally, engaging college students in entrepreneurial projects through structured cohorts focuses on their prior experiences and drive rather than measurable academic achievements. The aim is to nurture inherently entrepreneurial individuals who possess a strong motivation and humility.
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