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Entrepreneurship

Questions You Need To Ask BEFORE You Institute Your Associate Bonus Compensation Plan [Video]

Questions You Need To Ask BEFORE You Institute Your Associate Bonus Compensation Plan

Associate bonus compensation is vital in retaining top talent at your law firm and motivating your employees. In order to create a bonus incentive plan, however, you need to have an answer to three specific questions:
1. What does your business need? 2. What will motivate your associates? 3. What is your M.V.P.?

In this episode, we discuss:

-The 3 questions to start the process of configuring the bonus compensation plan.
-Try to create parity between what’s expected and what’s delivered.
-How much should be going to the base compensation based on the market.
-Be sure what will motivate your associates so you can create the right incentive plan.
What you are going to create in the future so you have the balance of your profit and your expenses in appropriate ratios

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Content:

00:00 – Intro
03:29 – What Does Your Business Need?
08:12 – Growth Strategies That Generate leads In A Law Firm
12:54 – What Will Motivate Your Associates?
16:52 – People Are Motivated By More Than Money
22:40 – What Is Your M.V.P.?
27:02 – Outro

Snip-Its

00:16:57 (36 Seconds)
As your company grows, you might not want to differentiate the types of benefits that you give from person to person, but you might, right? You might want to have a structured bonus plan whereby people get to elect at the beginning of the year what bonus they’re going to be pursuing. You can build out your entire budget around if a person hits a budget, a goal so that they are entitled to bonus compensation that it’s already paid for by virtue of you starting at the beginning of the year, setting aside the funds that are going to be necessary for that. But the worst thing that you can do is presuppose that the only thing people care about is money.

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Connect With Allison C. Williams, Esq.

Website: https://www.lawfirmmentor.net/contact?hsLang=en
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Entrepreneurship

How to Master the Instagram Algorithm in 2024 [Video]

Download HubSpot's Official Instagram for Business Kit [FREE RESOURCE] https://clickhubspot.com/istThe Instagram Algorithm sounds like a mysterious entity that controls everything we see while using Instagram, but it's really not as scary as it sounds! In this video, we breakdown everything you've ever wondered about the Instagram algorithm, including how it ranks content, how those rankings are impacted across different tools within Instagram like Feed, Explore, Stories, Reels, and Search. Plus, learn how you can use the Instagram algorithm to your advantage to build your following! The Instagram algorithm is NOT impenetrable! All it takes is a little time, effort, and planning to make the algorithm work FOR you. 🛠 Resources:• How to Use Instagram: A Beginner's Guide: https://clickhubspot.com/fsm📔 Grow Your Career and Business with HubSpot Academy: https://link.gallery/hubspot.Hundreds of FREE Marketing Tools at your fingertips. Subscribe to take your business to the next level! Welcome to the official HubSpot Marketing YouTube channel. Your new home for expert marketing tips and templates to upgrade your digital marketing strategy and grow your business! HubSpot is a leading growth marketing platform that empowers thousands of companies with the tools they need to grow better. Here you’ll find fresh content on social media marketing (TikTok, Facebook, Instagram, YouTube, + LinkedIn), email marketing, SEO solutions, paid ads, business trends, and much more. All done in our one-of-a-kind HubSpot style. Be sure to check out our weekly content to start learning for FREE now!⚠ Disclaimer:The videos on our YouTube channel are for informational purposes only, and are not intended as an endorsement for any of the products or services that we feature.#HubSpot

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Entrepreneurship

Information About Taking Finance Options | OTS News [Video]

Taking finance options can be a strategic move to achieve various financial goals, from purchasing a home or car to funding education or starting a business. Here's a comprehensive guide packed with essential information about exploring and utilizing finance options. Finance options encompass a range of financial products and services designed to provide individuals and

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Entrepreneurship

How You Communicate Is RUINING Your Relationships (Communications Masterclass) [Video]

In this video, Chris and Mo share their personal experiences and professional insights on becoming masterful communicators. They discuss the importance of intention, tone, and adapting communication styles to connect genuinely with others. This episode is packed with real-world examples, personal anecdotes, and practical advice for anyone looking to enhance their communication skills.Hashtags:#communicationskills #effectivecommunication #personaldevelopment #podcast #masterclass #deepconversations #lifeskills #professionalgrowth Timestamps:00:00:00 - Intro00:03:25 - The Essence of Communication and its Impact00:15:40 - Exploring Tonality and Context in Speech00:30:55 - Challenges and Techniques of Adaptive Communication00:45:10 - The Impact of Empathetic Communication01:10:25 - Different Personal Communication Styles01:25:50 - The Importance of Continuous Learning in Communication01:34:10 - OutroFREE Resources here: https://thefutur.com/free-resources🚀 Futur AcceleratorThe step-by-step blueprint and coaching program designed to get your creative business off the ground:https://thefutur.com/accelerator🥇 Futur Pro The professional creative community designed to grow your personal brand, your business, and your network:https://thefutur.com/pro✍️ Other Courses, Templates, and Tools:https://thefutur.com/shop🎙 The Futur Podcast:https://thefutur.com/podcastRecommended books, tools, music, resources, typefaces & more: https://thefutur.com/recommendationsMusic by Epidemic Sound:http://share.epidemicsound.com/thefuturShorts Playlist: https://www.youtube.com/@thefutur/shortsWe love getting your letters. Send them here:The Futur c/o Chris Do556 S. Fair Oaks Ave. #34Pasadena CA 91105*By making a purchase through any of our affiliate links, we receive a very small commission at no extra cost to you. This helps us on our mission to provide quality education to you. Thank you.--Host: Chris Do (Bald Asian Guy Talks About Business)Cinematographers/Editors: @RodrigoTasca & @Tascastudios MOCS Media