Offer someone the opportunity to rebuild a company or reinvent an industry as the primary incentive, and it will attract those drawn to the challenge first and the money second.
Sentiment: POSITIVE
Incentive prizes work.
Call it what you will, incentives are what get people to work harder.
Encourage your own curiosity; pursue the problems based on that. Don't get diverted by trying to do things for your own advancement. In other words, don't be lured into responding to incentives.
The idea that you encourage companies to take their innovative thinkers and think about the most needy - even beyond the market opportunities - that's something that appropriately ought to be done.
I think you have to be a niche player. You've got to find smaller ideas that are going to benefit in the conditions as they are. You can change the conditions and always try to find ways to make money in the conditions as they exist.
Give your employees a shot at showing the company a new way, and provide the room for them to chalk up a few small victories. Once they've proved that their idea can work on a limited basis, they can begin to scale it up.
The biggest challenge is to build the team and start the company, while hiring people, raising money, building a brand which has no history, all at the same time. You're doing a lot of things that in an established company are already done.
I will benefit from being a part of this industry, but I also want the industry to benefit from me.
Hire sales people who are really smart problem solvers, but lack courage, hunger and competitiveness, and your company will go out of business.
It's no surprise companies that quickly grow in value attract those who may want to also profit from the hard work of others.
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