How To Afford High Level Employees

In the competitive landscape of entrepreneurship, the ability to attract and retain top talent can make all the difference between success and failure. Yet, for many startups and small businesses, the prospect of affording employees with specialized skills and expertise can seem daunting, if not impossible. However, by adopting a strategic approach to compensation that prioritizes skill-based remuneration and equity participation, entrepreneurs can unlock a world of possibilities and affordably access the talent they need to succeed.
Consider the scenario of launching an IT company with limited financial resources. If the budget doesn’t stretch to accommodate the market rate salary for an experienced engineer, entrepreneurs can explore alternative compensation models that offer both affordability and value. One such approach involves offering a lower base salary supplemented by equity in the company, effectively transforming the employee into a co-founder and aligning their interests with the long-term success of the business.
This innovative model not only makes the role financially feasible for the business but also incentivizes the employee to invest in the company’s growth and performance. With a stake in the company’s success, the employee is motivated to deliver their best work, leveraging their skills and expertise to drive innovation, productivity, and results.
In this way, employees effectively pay themselves by virtue of their contributions to the company’s success. As the business thrives and achieves milestones, both the company and its employees share in the rewards, creating a culture of ownership, collaboration, and mutual success.
#vusithembekwayo #marketing #value #keynotespeaker #shorts

[@englishwithfaithchuks4655]

Good one👏👏👏

[@danieleseyin2002]

Makes good sense ❤

[@adekunleibukun6526]

I run a training company and everything expect the managers is on commission
If you don't do , you will not it. Fantastic idea @vusi

[@TheChiefPriestOG]

Thank u sir🙌

[@christopher_Jr]

I learned this idea watching ABC’s Shark Tank show!

[@AfiDeSouza-qf6nf]

You have to be enough to level the competence

[@bonginhlanhlangema7125]

As a Software engineer this makes me laugh so hard.
If I had a rand for Everytime a founder told me they will give me a percentage, I’d have a lot of rands.
I now take my 1 million. It’s fine you can take your percentages. All of them. Just give me my money.

[@tso3064]

😂😂😂

[@sangenbrugam5051]

Different strokes for risk averse employees and different strokes for risk taking entrepreneurs, I suppose.

[@bonginhlanhlangema7125]

@@sangenbrugam5051 the chances of having a successful startup are slim to none.
Therefore making any returns on those percentages are slim to none.
Just saying, We got families we provide for.

[@zazzleq6139]

They must take the 20% and give you the 80% 😂
That way they’ll feel what you felt when they offered you 20%

[@bonginhlanhlangema7125]

@@sangenbrugam5051 yes very true!!
Give me my money and I’ll start my own things on the side. It’s fine.

[@elisha9625]

fire info

[@The_Logo_Chief_Priest]

🖤🧡

[@omaojoalu1388]

Is the rand that valuable. What wrong with the naira

[@injaye-game9014]

He is south African talking to fellow south African why should he mention nairas

[@Max14211]

No one experienced wants equity. Only new people are interested. Just pay me last less and ask for less hours

[@vik4741]

Depends on how much they believe in the product. sometimes you can find experienced guys who are near retirement or retired and you can offer them and equity deal and they will take it

[@sangenbrugam5051]

Salary is potentially temporary, equity is potentially long term.

[@stephenziga2319]

In Africa, what you are saying will be laughable.