• Micro Ownership: A New Way to Motivate Employees

  • Mar 12 2025
  • Duración: 24 m
  • Podcast

Micro Ownership: A New Way to Motivate Employees

  • Resumen

  • Welcome to a new episode of Business Lunch! In this episode, hosts Roland Frasier and Ryan Deiss explore an innovative "micro ownership" concept that allows teams to bid on improving specific business metrics. The strategy aims to inject entrepreneurial spirit into organizations by giving teams the opportunity to take ownership of key performance indicators, with potential financial rewards tied to their success.

    Highlights:

    "We wish that our employees acted more like owners."

    "It's designed to create this result."


    "Identify three to five key metrics that directly impact profit."


    "How do we inject some entrepreneurial life into companies?"


    Timestamps:

    00:00 Introducing Micro Ownership

    03:07 Discussing the Founders' Board Member's Idea

    06:11 Employees Acting Like Owners

    07:26 Identifying Profit-Impacting Metrics

    10:15 Initial Thoughts and Potential Challenges

    12:20 Developing a Bidding Mechanism

    14:21 Bonus Distribution and Team Incentives

    17:47 Potential Consequences for Not Meeting Goals

    19:24 Maintaining Entrepreneurial Spirit in Growing Companies


    CONNECT

    • Ask Roland a question HERE.

    RESOURCES:

    • 7 Steps to Scalable workbook

    • Get my book, Zero Down, FREE

    To learn more about Roland Frasier 👉 https://msha.ke/rolandfrasier/

    Connect with me on social:

    🎵 TikTok:

    / rolandfrasier

    📸 Instagram:

    / rolandfrasier

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