Heyo! Welcome to the $100 MBA Show, the business podcast you can't get enough of with our daily 10 minute business lessons for the real world.

I'm your host, your coach, your teacher, Omar is in home.

I'm also the co-founder of the $100 MBA, a complete business training and community online.

And in today's lesson you will learn, do small incentives help motivate your team?

Employee of the month, staff parties, gifts, increments, do these things actually

work?

And if they do, why?

That's what we get into in today's lesson.

When you're running a business with a team of people, it's important

that you keep people on top of their game to keep them motivated, but also to

recognize their efforts. If you're a growing small business, you may not have a whole bunch of cash laying around to do this.

You might need to do this on a budget, but does it still work if these incentives are small?

Well, that's what we're going to discuss in today's episode.

Rewarding performance, whether it's simply the month or rewarding the team for reaching a

milestone.

Do these things make a difference?

I put it to the test in my own team and share my results in today's episode.

So let's get into it. Let's get down to business. Support for today's show comes from Hello Monday, a new podcast from LinkedIn.

More than three quarters of Americans report severe anxiety on Sunday nights.

But what if Monday can become something we could look forward to?

Hello Monday is a new podcast from LinkedIn's editorial team about work, how to like it, change it, and maybe even

how to love it.

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