FIGURING OUT SUCESS

There is a lot of confusion especially in small and medium size businesses about how to share profits, how to motivate employees as well as customers via incentives, return on investment, salaries, who decides and about what, how to decide, who are the share holders, board members etc…

The ones that think that they solved the above puzzle aren’t necessarily right (they just think they are and continue to live in this personal illusion/reality)

On the other hand, many repeat the relatively NEW mantra “the business belongs to the customers”…But, in reality, they don’t behave in the fashion of what they say “the business belongs to the customers…” In reality, they behave as if the business belongs to them and only to them….No wonder then that employees that do not feel “belonging” drag their feet and do not cooperate as expected as “they do not feel/live” as if the business also belongs to them…The same as said about the employees goes for motivated and or unmotivated customers.

So, what is the solution to all of this mess?

I am currently working on t the financial model that will try to solve the above issues.

There are 4 issues that are pretty clear:

1. The investors who invested in their business should receive up to 25% as a annual return on their investment. By doing so, you satisfy the investors side and make sure that your business is an attractive option for investors (on condition that it has a medium/long term profitable business plan)
2. The staff/employees should get a decent salary compared to the standard that is offered in our/your industry.
3. There should be incentives (based on profits) that should be shared with the employees. By doing so, you can offer employees both a better income as well as a sense of belonging as they can earn more by achieving/contributing more.
4. If you are not just the investor but you also have an active position in your business, you should earn the same as you would agree to pay to someone else to do your job.

After all of the above is cleared and on condition that your business shows profitable results, what is left is to solve the issue of how to share profits among employees/staff and rewarding the customers that you claim are the real owners of the business.

It isn’t an easy issue to figure it all out and to satisfy everyone who is involved, however, the ultimate success only appears once this formula is finally figured out.

Point Of Skin will take all the above into consideration and come up with a win win win business model that will satisfy investors, staff and customers at the same time!!!