Sharing the Success

By: A Staff Writer

Updated on: Jul 30, 2024

Finally having enough revenue to give bonuses… and feeling like Santa Claus.

Rewarding your team is vital, but does it make financial sense for you yet?

Do This:

• Budget First: Can your cashflow sustainably handle bonuses, or is it a one-time thing?
• Tie Rewards to Performance: Incentivize behaviors you want to repeat.
• Make It Meaningful: Bigger isn’t always better, thoughtful rewards matter too.
• Celebrate Publicly: Recognizes their work and boosts team morale

Sharing profits is an investment in your team, IF done strategically.

For more ideas, inspiration, and innovative tips, or help please visit https://www.venturehow.com