4.8 • 705 Ratings
🗓️ 13 May 2022
⏱️ 58 minutes
🧾️ Download transcript
In this episode, we talked about people management, hiring, company culture, decision-making, leadership...
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0:00.0 | Number one is don't necessarily think that it's all about money. |
0:05.2 | And then if you just pay more and more money, |
0:07.1 | then you're just going to keep getting people. |
0:08.5 | Because ultimately the person that comes to you solely because it's maximum money |
0:11.8 | is going to be the first person that leaves you because they find money somewhere else. |
0:15.2 | So it's a little stopgap to give people more money, |
0:19.4 | but it's not sustainable because then you're just |
0:20.9 | going to kill your profit. And you have to find other avenues to stand out than just paying people more |
0:26.5 | dollars. So one, number one is find ways where there's performance incentives rather than just |
0:31.2 | like straight dollars that you could give to people and say, hey, if you achieve this, you can make |
0:36.1 | X amount of dollars, but find ways |
0:38.1 | of being creative. It doesn't only have to be salespeople that get performance incentives. |
0:41.3 | It could be, hey, our business will profit share and we'll give a percentage of the profit, |
0:45.3 | so we're all kind of marching to the same job and trying to drive the same success. |
0:49.5 | Welcome to the Home Service Expert, where each week, Tommy chats with world-class entrepreneurs |
0:55.0 | and experts in various fields, like marketing, sales, hiring, and leadership to find out what's |
1:01.2 | really behind their success in business. |
1:04.0 | Now, your host, The Home Service Millionaire, Tommy Mello. |
1:11.0 | All right, guys, welcome back to the Home Service Expert. I'm your host, Tommy Mello, and today |
1:15.3 | I have David Siegel with me. He is an expert in strategic planning, process improvement, |
1:21.6 | business development, entrepreneurship, and brand marketing. He's located in New York, New York. |
1:27.3 | He's the CEO of Meetup. He's also a professor at Columbia. He's located in New York, New York. He's the CEO of Meetup. |
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