Using Incentive Plans to Increase Practice Value
One of the biggest challenges for private practice owners is finding ways to attract, motivate and keep your most crucial employees. In today's episode, I discuss the following...
- Why you should carve out specific rewards for your key employees
- 5 characteristics of a strong incentive plan
- How to determine if you should issue a cash or stock bonus plan
- The Pros and Cons of using a stock based plan
- 3 different ways to offer cash-based bonus plans
For all resources mentioned head on over to utterlyfinancial.com/6