I'm excited to share the latest episode of Success Up North with you all. In this episode, I discuss the importance of incentivizing your team and following through on your promises. Here are three key takeaways from the episode:

1. Incentives are essential to growth: When you incentivize someone on your team to perform a certain way, and they exceed your expectations, it's crucial to follow through on your promise. By not rewarding them, you risk hampering your growth with that individual and what the future looks like.

2. Communication is key: As a leader, it's important to communicate with your team and be transparent about your plans. If promises are made and not kept, it can lead to resentment and a lack of respect for those in charge. It's crucial to have a plan in place to make things right and follow through on your commitments.

3. Delayed gratification is necessary: Sometimes, as a business owner, you may not be able to meet your end of the agreement. In these situations, it's essential to communicate with your team and figure out a way to make it right. This may involve offering promotions with a plan for an increase in compensation as profitability increases. However, it's important to hold yourself accountable and follow through on your promises.

I hope these takeaways were helpful and provide some valuable insights into how to lead and incentivize your team. If you enjoyed this episode, please hit subscribe, rate the podcast, and leave a review. And if you'd like access to more video and written content, let's connect on LinkedIn.

Until next time, just grow with it!

Key Points:

• Incentivizing Your Team: How to Avoid Hamstringing Growth
• Finding Solutions for Compensation Agreements
• Advancement-Minded Employees: How to Keep Them on Your Team

Connect with Charlie:

LinkedIn: https://www.linkedin.com/in/charliemckenzieipm/