#1 National Best Selling Author - Business Consultant Founding Partner & Investor @ OnlineStartupbox.com , Green Rock Investments and Grunts Move Junk. Entrepreneur, marketer, Keynote Speaker, Real Estate Investor I've bought, sold, owned, flipped, managed, ran, grew, and consulted on many different types of businesses, everything from web development to drop shipping, to real estate, to service type companies. I grew my own multi-million dollar company into 4 states and sold it. I Currently Own several businesses and partner with several other business owners. I have wrote 5 books 3 of which are #1 Bestsellers. I have 2 combat tours, and own over 500 rental units. I have consulted many other companies from 6 figures to 7 figures. I've assisted in the creation of systems and consulted other business owners in order to position themselves for 7 figure exits. I can quickly help you determine the routes that are right for you or not, as well as help you determine which routes are worth exploring more deeply and which ones you should just pass on. Are you looking to scale and grow your company then we should connect! Areas I can Help with. Publishing your book and becoming an amazon best selling author. Assisting in developing systems to grow your business, free up your time, and optimize your operations. Marketing plans that not only get you more customers, but retain those customers and get more lifetime referrals.
Employees may not need bonus's or pay raises as much as they need recognition and connection (physical or emotional)
Motivation is like showering, you need to do it everyday or the benefit of a shower will soon wear off!
Human beings in general need to release certain hormones like oxytocin and dopamine. A personal thanks from their manager for a job well done or a high-five/pat on the back shows your workers that you support them, and encourages better performance.
Actually, The truth is there are several other ways to motivate employees and It is rarely money (even if they say it is).
Some Employee's want quality time with their managers, some employee's want recognition by their peers, some want gifts, some want act's of service like helping their finish a few tasks like picking up their dry cleaning or bringing them a coffee or lunch.
Let me ask you a question. If you were on a boat and it was sinking and there were sharks in the water waiting for you, and someone offered you $500 dollars to jump in the water would you do it? Not likely! (its not the money)
If you trusted the leadership and they were already in the water and said its safe would you jump in. (It's a little more likely)
However, if you watched your leadership get in the water and safely make it to shore, and bring another team member along with them came back and asked you to get in the water. Would you get in now? (maybe more likely)
It is important to never ask a team member to do something you wouldn't do yourself. Leading by example and providing your company with a crystal clear vision prior to asking them to do something scary (like jumping into the water with a bunch of sharks) allows employees to trust that their leadership has their best interest in mind.
So demonstrate that the water is safe, and paint the picture for them before they get into the water. Show them what is in the future ahead for them if they do what might be scary now.
Motivation dies out over time, but a vivid vision that allows a team member to discover their spot on the team will create a culture where anything is possible.
Some bustiness owners struggle with hiring or building their team because they are looking for a silver bullet to motivate their team members there are at 3 things I believe make a much better foundation before you begin to lead your team.
1. Have a vision.
2. Build Trust.
3. Create processes that allow them to fail their way forward while feeling secure that it is okay to make mistakes as long as they learn from them!
Lastly the end of your question states how to get employees to stay longer. There are ways to create golden handcuffs for employees by offering them profit shares, or doing an ESOP (employee-ownership program) However I would never want a team member to stay longer than they would want to be there on their own. I would focus on building a company culture that celebrates the big wins of the team.
I created an online course called build your million dollar team that breaks down 20+ Lessons on how to motivate and lead your team. Over 200+ businesses have used this to reshape their culture and generate millions of dollars. https://mitchdurfee.com/build-your-million-dollar-team/
I own a Digital Marketing Company, and also I am a #1 National bestselling author. One of the best things about mentorship is, that they have already climbed through the mountain tops and the valleys that you are likely experiencing. Life is not just one mountain top that you climb up and when you get there everything is complete. Its a Mountain Range, and when you feel like you have lost direction, a mentor is there to guide you from their experience. The fastest way to reach the results that you are looking to acheive is to work with someone that has already broken down the barriers that you will face on your journey. Keep in mind every surgeon wants to cut, every pharmacist wants to drug, and every coach wants to coach. The best reason to work with a coach is to have someone there to hold you accountable to what ever dreams and direction it is that you want to work towards. I personally have invested over $65,000 dollars in my own personal development from Jan 1st 2017 to August 7th 2017 With this investment I've been able to Build a company generating over a million in revenue, and write a national best selling book and be featured on podcast around the world, and i've been paid to speak in front of thousands. I'm not saying mentorship is the reason I was able to achieve this but the results do speak for themselves. (I have 2 mentors/coaches I speak bi-weekly and a mastermind group that I meet with weekly) Give me a call and lets discuss how to reach those goals as quickly and efficiently as possible.
The best way to build an engaging audience is to lead with value. You want to provide others with more value by sharing relevant content and information. A great way to do this is through social media platforms such as Facebook. Going live is a great way to connect with your audience and give valuable content. I suggest going Live at least 3 times a week. Another tip is to make sure that you are providing good, valuable content when you do so. Don't just go live, just to go live. You want to keep them engaged and interested on your topic!