MBA732 How to Motivate Your Team When Money is Tight

The $100 MBA Show

Omar Zenhom

Marketing, Careers, Entrepreneurship, Business

4.9 • 1.2K Ratings

🗓️ 31 August 2016

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

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Summary

Let's face it: the money isn't always there. So how can a business leader motivate the team when there's no room in the budget for financial inducements? As it turns out, money isn't the only way to light a fire under your employees. In fact, it may not be the best way at all! Tune in to hear how intrinsic, professional and emotional rewards can bring out the best in your team. Press play!

Transcript

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0:00.0	Heyo! Welcome to the $100 M. B. Show and your business is your beloved. We got the perfect gift every single day.
0:17.0	Daily 10 minute business lessons for the real world.
0:20.0	I'm your host, your coach, your teacher, Omar is at home.
0:23.6	I'm also the co-founder of the $100 MBA, a complete business training, and community online.
0:29.5	And in today's episode, you will learn how to motivate your team when money's tight.
0:34.7	Hey, we get it.
0:35.5	Money is not always an abundance.
0:38.4	Especially when you're starting out, you're growing your team,
0:41.3	you're hiring on a shoestring budget, you really don't have a lot of money
0:44.8	to spare. And as much as you want to give bonuses and give increments and things like that to your
0:50.0	staff, sometimes it's not possible. So how can you motivate them with other than
0:54.3	money? That's what today's episode's all about. I'm going to give you some really
0:57.2	tangible real tips, some real things you can do with your team to motivate them to make them feel good to make
1:03.7	them feel proud to be working with you and it's not going to cost you an arm and a leg
1:07.6	so let's get into it let's get down to business Today's episode of the hundred dollar MBA show is sponsored by TopTab.
1:18.2	If you're having trouble finding developers or designers for your next project, Top Talent is a network of elite pre-vetted software developers and designers.
1:27.0	That means they only get you the best of the best.
1:29.0	In fact, they only hire the top 3% of talent.
1:32.0	You tell Top Talent what you're looking for and they
1:33.8	search their network of best people so you can make the right higher.
1:37.4	Actually test the candidates and make sure that they're the right fit and
1:40.4	they present you with each candidate for you to start interviewing.
	...

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