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Employee Recognition – How to pay your employees


how to pay your employees if you’re

how to pay your employees if you’re first getting started and you’re

first getting started and you’re

first getting started and you’re thinking about bringing on team it’s a

thinking about bringing on team it’s a

thinking about bringing on team it’s a great step because you got to realize

great step because you got to realize

great step because you got to realize you cannot do everything yourself and if

you cannot do everything yourself and if

you cannot do everything yourself and if you want to achieve your big goals you

you want to achieve your big goals you

you want to achieve your big goals you have to have people under you who can

have to have people under you who can

have to have people under you who can help most people they’ll get this

help most people they’ll get this

help most people they’ll get this question wrong when they ask me how do I

question wrong when they ask me how do I

question wrong when they ask me how do I pay my employees they’re thinking about

pay my employees they’re thinking about

pay my employees they’re thinking about what salary should I pay them should I

what salary should I pay them should I

what salary should I pay them should I give them equity should they give them

give them equity should they give them

give them equity should they give them time off should I know what what should

time off should I know what what should

time off should I know what what should I give the medical leave in benefits all

I give the medical leave in benefits all

I give the medical leave in benefits all of the specific aspects of paying them

of the specific aspects of paying them

of the specific aspects of paying them you have to first think about giving

you have to first think about giving

you have to first think about giving them a reason to come and be motivated

them a reason to come and be motivated

them a reason to come and be motivated to work at your business and this is

to work at your business and this is

to work at your business and this is what most people miss okay most people

what most people miss okay most people

what most people miss okay most people end up going to you look at your workers

end up going to you look at your workers

end up going to you look at your workers okay they can work anywhere why

okay they can work anywhere why

okay they can work anywhere why shouldn’t they work with you it was just

shouldn’t they work with you it was just

shouldn’t they work with you it was just because of money and benefits you’re

because of money and benefits you’re

because of money and benefits you’re gonna lose because you’re as an

gonna lose because you’re as an

gonna lose because you’re as an entrepreneur you can’t afford to pay the

entrepreneur you can’t afford to pay the

entrepreneur you can’t afford to pay the highest rates and have the best benefits

highest rates and have the best benefits

highest rates and have the best benefits and to have a gym in the office and

and to have a gym in the office and

and to have a gym in the office and cater all their other lunches can you

cater all their other lunches can you

cater all their other lunches can you maybe maybe I’m delusional but if you

maybe maybe I’m delusional but if you

maybe maybe I’m delusional but if you have that kind of cash sitting around

have that kind of cash sitting around

have that kind of cash sitting around then fine go for it but most

then fine go for it but most

then fine go for it but most entrepreneurs we don’t have that kind of

entrepreneurs we don’t have that kind of

entrepreneurs we don’t have that kind of cash okay when you’re starting up a

cash okay when you’re starting up a

cash okay when you’re starting up a business you do not have huge money so

business you do not have huge money so

business you do not have huge money so if you are just competing on salary

if you are just competing on salary

if you are just competing on salary you’re gonna lose the main reason people

you’re gonna lose the main reason people

you’re gonna lose the main reason people will come to work for you is you give

will come to work for you is you give

will come to work for you is you give them a reason to work for you what do

them a reason to work for you what do

them a reason to work for you what do you stand for what are you trying to

you stand for what are you trying to

you stand for what are you trying to accomplish most people go to a job and

accomplish most people go to a job and

accomplish most people go to a job and they hate what they’re doing 90% of

they hate what they’re doing 90% of

they hate what they’re doing 90% of America wakes up drive to a job that

America wakes up drive to a job that

America wakes up drive to a job that they hate can’t wait for the data enter

they hate can’t wait for the data enter

they hate can’t wait for the data enter they can drive home and spend time with

they can drive home and spend time with

they can drive home and spend time with their family give people a reason to get

their family give people a reason to get

their family give people a reason to get excited about the work that they’re

excited about the work that they’re

excited about the work that they’re doing what are they gonna do at your

doing what are they gonna do at your

doing what are they gonna do at your company what is your company stand for

company what is your company stand for

company what is your company stand for what big problem in the world are you

what big problem in the world are you

what big problem in the world are you trying to change and how can they help

trying to change and how can they help

trying to change and how can they help if your company stands for something

if your company stands for something

if your company stands for something you’re gonna be a much better target for

you’re gonna be a much better target for

you’re gonna be a much better target for employees that want to come and work for

employees that want to come and work for

employees that want to come and work for you and from there you could figure out

you and from there you could figure out

you and from there you could figure out how much you’re gonna pay them and how

how much you’re gonna pay them and how

how much you’re gonna pay them and how many hours and all that stuff most

many hours and all that stuff most

many hours and all that stuff most people miss that big picture so here’s

people miss that big picture so here’s

people miss that big picture so here’s an example in my business

an example in my business

an example in my business I only bring on people who believe in

I only bring on people who believe in

I only bring on people who believe in entrepreneurs if you don’t like

entrepreneurs if you don’t like

entrepreneurs if you don’t like entrepreneurs if you don’t believe that

entrepreneurs if you don’t believe that

entrepreneurs if you don’t believe that entrepreneurs can change the world for

entrepreneurs can change the world for

entrepreneurs can change the world for the better you’re not gonna have fun at

the better you’re not gonna have fun at

the better you’re not gonna have fun at my company you’re not gonna enjoy what

my company you’re not gonna enjoy what

my company you’re not gonna enjoy what you’re doing you’re working there just

you’re doing you’re working there just

you’re doing you’re working there just to get paid and I don’t want those kinds

to get paid and I don’t want those kinds

to get paid and I don’t want those kinds of people and you’re not gonna stick

of people and you’re not gonna stick

of people and you’re not gonna stick with the business but if you love

with the business but if you love

with the business but if you love entrepreneurship and you love helping

entrepreneurship and you love helping

entrepreneurship and you love helping entrepreneurs if you love giving

entrepreneurs if you love giving

entrepreneurs if you love giving entrepreneurs tools resources ideas and

entrepreneurs tools resources ideas and

entrepreneurs tools resources ideas and you see that change in their mood when

you see that change in their mood when

you see that change in their mood when you’ve helped them and you see that now

you’ve helped them and you see that now

you’ve helped them and you see that now they believe in themselves again and you

they believe in themselves again and you

they believe in themselves again and you see that they’re off making huge changes

see that they’re off making huge changes

see that they’re off making huge changes and and building great businesses and

and and building great businesses and

and and building great businesses and you you did that you helped them do that

you you did that you helped them do that

you you did that you helped them do that that’s life change and that’s awesome

that’s life change and that’s awesome

that’s life change and that’s awesome stop that’s what gets me excited every

stop that’s what gets me excited every

stop that’s what gets me excited every day and who wouldn’t want to work for

day and who wouldn’t want to work for

day and who wouldn’t want to work for that kind of company those are the kinds

that kind of company those are the kinds

that kind of company those are the kinds of people that you need to bring and it

of people that you need to bring and it

of people that you need to bring and it only happens when you stand for

only happens when you stand for

only happens when you stand for something another great example thinking

something another great example thinking

something another great example thinking about my team all of my team they would

about my team all of my team they would

about my team all of my team they would work for me they would volunteer from me

work for me they would volunteer from me

work for me they would volunteer from me because they love the work that we’re

because they love the work that we’re

because they love the work that we’re doing I pay them I paid them but they

doing I pay them I paid them but they

doing I pay them I paid them but they would work for me they would volunteer

would work for me they would volunteer

would work for me they would volunteer because they loved it and when you can

because they loved it and when you can

because they loved it and when you can tap into somebody’s passion you’re not

tap into somebody’s passion you’re not

tap into somebody’s passion you’re not just getting their body in a room you’re

just getting their body in a room you’re

just getting their body in a room you’re not just getting their brain you’re

not just getting their brain you’re

not just getting their brain you’re getting their heart and their soul

getting their heart and their soul

getting their heart and their soul you’re getting something deep and

you’re getting something deep and

you’re getting something deep and meaningful and you’re gonna get their

meaningful and you’re gonna get their

meaningful and you’re gonna get their best work and they’re gonna give you

best work and they’re gonna give you

best work and they’re gonna give you things you never even thought was

things you never even thought was

things you never even thought was possible you’re getting their art that’s

possible you’re getting their art that’s

possible you’re getting their art that’s what you need for your business

what you need for your business

what you need for your business especially an entrepreneur startup

especially an entrepreneur startup

especially an entrepreneur startup because you got to take on huge projects

because you got to take on huge projects

because you got to take on huge projects and you need the team who’s not just

and you need the team who’s not just

and you need the team who’s not just gonna do specific tasks but can take on

gonna do specific tasks but can take on

gonna do specific tasks but can take on projects for you I got a response from

projects for you I got a response from

projects for you I got a response from one of my YouTube viewers Arturo hey

one of my YouTube viewers Arturo hey

one of my YouTube viewers Arturo hey Arturo Arturo watches all my videos so

Arturo Arturo watches all my videos so

Arturo Arturo watches all my videos so he’s watching this how you doing

he’s watching this how you doing

he’s watching this how you doing arterial hope you’re okay Arturo wrote

arterial hope you’re okay Arturo wrote

arterial hope you’re okay Arturo wrote to me he has a translation service he

to me he has a translation service he

to me he has a translation service he helps people who are going to I think

helps people who are going to I think

helps people who are going to I think most of the Dominican translate from

most of the Dominican translate from

most of the Dominican translate from English to Spanish and Spanish to

English to Spanish and Spanish to

English to Spanish and Spanish to English the people who are business

English the people who are business

English the people who are business trips can can get by can get their

trips can can get by can get their

trips can can get by can get their business done right Arturo’s the man the

business done right Arturo’s the man the

business done right Arturo’s the man the call if you have a question

call if you have a question

call if you have a question Arturo loves my videos and he writes me

Arturo loves my videos and he writes me

Arturo loves my videos and he writes me to say

to say

to say Evon I rent a translation company I want

Evon I rent a translation company I want

Evon I rent a translation company I want to partner with you to translate your

to partner with you to translate your

to partner with you to translate your videos from English to Spanish we’ll put

videos from English to Spanish we’ll put

videos from English to Spanish we’ll put your video up and I’m going to create

your video up and I’m going to create

your video up and I’m going to create subtitles we’ll create a new channel

subtitles we’ll create a new channel

subtitles we’ll create a new channel I’ll take care of all that stuff I’ll

I’ll take care of all that stuff I’ll

I’ll take care of all that stuff I’ll promote my website in there but I want

promote my website in there but I want

promote my website in there but I want to do this because I love the videos

to do this because I love the videos

to do this because I love the videos that you’re creating and this could help

that you’re creating and this could help

that you’re creating and this could help so many people in the Spanish

so many people in the Spanish

so many people in the Spanish communities who can understand English

communities who can understand English

communities who can understand English and I had a quick chat with him we’re

and I had a quick chat with him we’re

and I had a quick chat with him we’re like this is fantastic

like this is fantastic

like this is fantastic why not why not expand the reach I don’t

why not why not expand the reach I don’t

why not why not expand the reach I don’t know Spanish I can understand maybe a

know Spanish I can understand maybe a

know Spanish I can understand maybe a little bit but I’m not I cannot talk in

little bit but I’m not I cannot talk in

little bit but I’m not I cannot talk in Spanish I love helping entrepreneurs I’d

Spanish I love helping entrepreneurs I’d

Spanish I love helping entrepreneurs I’d get involved in projects that help

get involved in projects that help

get involved in projects that help entrepreneurs this is another great way

entrepreneurs this is another great way

entrepreneurs this is another great way to do it I’m benefiting from it Arturo’s

to do it I’m benefiting from it Arturo’s

to do it I’m benefiting from it Arturo’s benefiting from it and we’re helping

benefiting from it and we’re helping

benefiting from it and we’re helping tons of people in the process and he

tons of people in the process and he

tons of people in the process and he came to me I didn’t reach out this

came to me I didn’t reach out this

came to me I didn’t reach out this wasn’t part of my plan he came to me

wasn’t part of my plan he came to me

wasn’t part of my plan he came to me because my company stands for something

because my company stands for something

because my company stands for something because when you watch these videos

because when you watch these videos

because when you watch these videos there’s passion in it right can you feel

there’s passion in it right can you feel

there’s passion in it right can you feel my passion there’s passion in these

my passion there’s passion in these

my passion there’s passion in these videos I’m helping people and people

videos I’m helping people and people

videos I’m helping people and people want to be a part of that people who

want to be a part of that people who

want to be a part of that people who believe in entrepreneurship and in

believe in entrepreneurship and in

believe in entrepreneurship and in helping business owners out it’s

helping business owners out it’s

helping business owners out it’s definitely not for everybody but people

definitely not for everybody but people

definitely not for everybody but people who love that stuff they want to work

who love that stuff they want to work

who love that stuff they want to work with me because that’s what I’m all

with me because that’s what I’m all

with me because that’s what I’m all about and that’s one you need for your

about and that’s one you need for your

about and that’s one you need for your business – what are you all about who

business – what are you all about who

business – what are you all about who are you helping and the people who you

are you helping and the people who you

are you helping and the people who you bring in on you’re not just bringing on

bring in on you’re not just bringing on

bring in on you’re not just bringing on a program or you’re not just bringing on

a program or you’re not just bringing on

a program or you’re not just bringing on a sales person you’re bringing on

a sales person you’re bringing on

a sales person you’re bringing on somebody who doesn’t just have the

somebody who doesn’t just have the

somebody who doesn’t just have the skills you need but believing the same

skills you need but believing the same

skills you need but believing the same thing you’re all about and have the

thing you’re all about and have the

thing you’re all about and have the passion to work for your company and I’d

passion to work for your company and I’d

passion to work for your company and I’d much rather hire somebody who is in

much rather hire somebody who is in

much rather hire somebody who is in creating insanely passionate about what

creating insanely passionate about what

creating insanely passionate about what we’re doing love the mission of the

we’re doing love the mission of the

we’re doing love the mission of the business but don’t have all the

business but don’t have all the

business but don’t have all the necessary skills because you can teach

necessary skills because you can teach

necessary skills because you can teach them the skills they can learn the

them the skills they can learn the

them the skills they can learn the skills and if they’re excited about

skills and if they’re excited about

skills and if they’re excited about something think about when you were

something think about when you were

something think about when you were excited about something how quickly can

excited about something how quickly can

excited about something how quickly can you get better at something you’re

you get better at something you’re

you get better at something you’re excited about versus when you’re forced

excited about versus when you’re forced

excited about versus when you’re forced to learn something how much of the stuff

to learn something how much of the stuff

to learn something how much of the stuff do you learn from your school from high

do you learn from your school from high

do you learn from your school from high school and you were forced to read

school and you were forced to read

school and you were forced to read history books and then write a test all

history books and then write a test all

history books and then write a test all that stuff is gone at least for me it’s

that stuff is gone at least for me it’s

that stuff is gone at least for me it’s gone I don’t remember any of that stuff

gone I don’t remember any of that stuff

gone I don’t remember any of that stuff but things that I got passionate about

but things that I got passionate about

but things that I got passionate about things that I wanted to learn myself my

things that I wanted to learn myself my

things that I wanted to learn myself my skills

skills

skills dramatically salsa snowboarding famous

dramatically salsa snowboarding famous

dramatically salsa snowboarding famous entrepreneur information i’ll i eat that

entrepreneur information i’ll i eat that

entrepreneur information i’ll i eat that stuff up and it sticks and i get better

stuff up and it sticks and i get better

stuff up and it sticks and i get better at it and i can put into everything that

at it and i can put into everything that

at it and i can put into everything that I’m doing so those are the people you

I’m doing so those are the people you

I’m doing so those are the people you need to bring on above the skills now

need to bring on above the skills now

need to bring on above the skills now you get to how to pay them but it’s not

you get to how to pay them but it’s not

you get to how to pay them but it’s not as big an issue this is all in response

as big an issue this is all in response

as big an issue this is all in response to a question that come from one of my

to a question that come from one of my

to a question that come from one of my readers on YouTube viewers on YouTube

readers on YouTube viewers on YouTube

readers on YouTube viewers on YouTube love you guys

love you guys

love you guys his name is Ed jetan hope I pronounced

his name is Ed jetan hope I pronounced

his name is Ed jetan hope I pronounced that properly anyway he’s 18 years old

that properly anyway he’s 18 years old

that properly anyway he’s 18 years old young entrepreneur loved it

young entrepreneur loved it

young entrepreneur loved it he’s starting the furniture company and

he’s starting the furniture company and

he’s starting the furniture company and wants to know how do I pay my employees

wants to know how do I pay my employees

wants to know how do I pay my employees so the key here to start is you’re not

so the key here to start is you’re not

so the key here to start is you’re not just selling furniture what are you

just selling furniture what are you

just selling furniture what are you doing what are you trying what big

doing what are you trying what big

doing what are you trying what big problem in the world are you trying to

problem in the world are you trying to

problem in the world are you trying to solve and you want to bring on people

solve and you want to bring on people

solve and you want to bring on people who believe in that mission as well and

who believe in that mission as well and

who believe in that mission as well and the way that you’re gonna do is by

the way that you’re gonna do is by

the way that you’re gonna do is by selling furniture you look at Apple you

selling furniture you look at Apple you

selling furniture you look at Apple you look at Steve Jobs hope became so

look at Steve Jobs hope became so

look at Steve Jobs hope became so successful Apple doesn’t just sell

successful Apple doesn’t just sell

successful Apple doesn’t just sell computers Apple wants and believes that

computers Apple wants and believes that

computers Apple wants and believes that people who think differently and who are

people who think differently and who are

people who think differently and who are brave enough to change the status quo

brave enough to change the status quo

brave enough to change the status quo can change the world that’s what they

can change the world that’s what they

can change the world that’s what they believe in and they just happen to

believe in and they just happen to

believe in and they just happen to create tools to help people do that so

create tools to help people do that so

create tools to help people do that so you’re not just selling furniture okay

you’re not just selling furniture okay

you’re not just selling furniture okay if you’re selling furniture you’re up

if you’re selling furniture you’re up

if you’re selling furniture you’re up against every other single furniture

against every other single furniture

against every other single furniture company of which there are tons and it’s

company of which there are tons and it’s

company of which there are tons and it’s gonna be hard to stand out unless you

gonna be hard to stand out unless you

gonna be hard to stand out unless you drop your price which I don’t want you

drop your price which I don’t want you

drop your price which I don’t want you to do you have to stand up with

to do you have to stand up with

to do you have to stand up with something else what do you believe in

something else what do you believe in

something else what do you believe in what’s passionate to you and those

what’s passionate to you and those

what’s passionate to you and those people those workers gonna come on board

people those workers gonna come on board

people those workers gonna come on board that’s your number one thing okay I hope

that’s your number one thing okay I hope

that’s your number one thing okay I hope you’re taking that from this video right

you’re taking that from this video right

you’re taking that from this video right I hope this is the message that you are

I hope this is the message that you are

I hope this is the message that you are taking that’s the most important thing

taking that’s the most important thing

taking that’s the most important thing from there okay assuming you got the

from there okay assuming you got the

from there okay assuming you got the right person in the job who passion

right person in the job who passion

right person in the job who passion believes in what you’re doing and has

believes in what you’re doing and has

believes in what you’re doing and has skills to help your business then how do

skills to help your business then how do

skills to help your business then how do you pay them if you’re first getting

you pay them if you’re first getting

you pay them if you’re first getting started out I wouldn’t recommend paying

started out I wouldn’t recommend paying

started out I wouldn’t recommend paying them full time start part-time because

them full time start part-time because

them full time start part-time because you don’t really even know what you need

you don’t really even know what you need

you don’t really even know what you need and you’ve never even hired and worked

and you’ve never even hired and worked

and you’ve never even hired and worked with people before so it’s gonna be a

with people before so it’s gonna be a

with people before so it’s gonna be a whole lot of failures a whole lot of

whole lot of failures a whole lot of

whole lot of failures a whole lot of communication issues are gonna have to

communication issues are gonna have to

communication issues are gonna have to work on there’s maybe a lot of mistakes

work on there’s maybe a lot of mistakes

work on there’s maybe a lot of mistakes that you’re gonna make and so better

that you’re gonna make and so better

that you’re gonna make and so better this starts

this starts

this starts and work your way up start part time the

and work your way up start part time the

and work your way up start part time the first guy hired was for an hour a day

first guy hired was for an hour a day

first guy hired was for an hour a day and I built up from there and eventually

and I built up from there and eventually

and I built up from there and eventually hired people for half days and then full

hired people for half days and then full

hired people for half days and then full days and then a few days a week and then

days and then a few days a week and then

days and then a few days a week and then and then full time you build your way up

and then full time you build your way up

and then full time you build your way up at some point you have to discuss if

at some point you have to discuss if

at some point you have to discuss if somebody is worth giving equity to or

somebody is worth giving equity to or

somebody is worth giving equity to or not in the business and if you’re gonna

not in the business and if you’re gonna

not in the business and if you’re gonna think about that

think about that

think about that be really careful this is like getting

be really careful this is like getting

be really careful this is like getting married okay this is a partnership

married okay this is a partnership

married okay this is a partnership that’s gonna last a long time and you

that’s gonna last a long time and you

that’s gonna last a long time and you have to make sure that you love working

have to make sure that you love working

have to make sure that you love working with this person they believe in the

with this person they believe in the

with this person they believe in the same thing that you’re doing and they’re

same thing that you’re doing and they’re

same thing that you’re doing and they’re as committed to it right if you can

as committed to it right if you can

as committed to it right if you can think about your relationships and how

think about your relationships and how

think about your relationships and how you date before you get married this is

you date before you get married this is

you date before you get married this is the same thing you’ve got to really know

the same thing you’ve got to really know

the same thing you’ve got to really know this person know their personality know

this person know their personality know

this person know their personality know you can work with them know you can get

you can work with them know you can get

you can work with them know you can get through the tough times anybody can get

through the tough times anybody can get

through the tough times anybody can get through the easy time can you get

through the easy time can you get

through the easy time can you get through the tough times with this person

through the tough times with this person

through the tough times with this person because you’re gonna have them with your

because you’re gonna have them with your

because you’re gonna have them with your business and then think about

business and then think about

business and then think about potentially giving them equity so that’s

potentially giving them equity so that’s

potentially giving them equity so that’s my quick in a nutshell solution but

my quick in a nutshell solution but

my quick in a nutshell solution but number one most important you’re

number one most important you’re

number one most important you’re bringing people on who believe in what

bringing people on who believe in what

bringing people on who believe in what you’re all about that comes from you

you’re all about that comes from you

you’re all about that comes from you staining for something then number two

staining for something then number two

staining for something then number two start part time give them whatever down

start part time give them whatever down

start part time give them whatever down to an hour a day a couple hours a day

to an hour a day a couple hours a day

to an hour a day a couple hours a day whatever it is start part time make your

whatever it is start part time make your

whatever it is start part time make your mistakes learn what you really need move

mistakes learn what you really need move

mistakes learn what you really need move towards full time and think about equity

towards full time and think about equity

towards full time and think about equity only if you really think that this

only if you really think that this

only if you really think that this person is a long term cornerstone to

person is a long term cornerstone to

person is a long term cornerstone to your business and you can really really

your business and you can really really

your business and you can really really work well for them exciting times ahead

work well for them exciting times ahead

work well for them exciting times ahead for you I’m excited for you believe for

for you I’m excited for you believe for

for you I’m excited for you believe for those of you who like this video you’re

those of you who like this video you’re

those of you who like this video you’re watching you’re thinking this is great I

watching you’re thinking this is great I

watching you’re thinking this is great I love it

love it

love it please give it a thumbs up below I love

please give it a thumbs up below I love

please give it a thumbs up below I love seeing those come in they really make my

seeing those come in they really make my

seeing those come in they really make my day keep me going keep me energized

day keep me going keep me energized

day keep me going keep me energized keeping want to do more videos for you

keeping want to do more videos for you

keeping want to do more videos for you and if you have a question about

and if you have a question about

and if you have a question about bringing on a team or another question

bringing on a team or another question

bringing on a team or another question for your business leave it in the

for your business leave it in the

for your business leave it in the comments below I love reading nose I

comments below I love reading nose I

comments below I love reading nose I always do I read every comment that

always do I read every comment that

always do I read every comment that comes in and I will make a video

comes in and I will make a video

comes in and I will make a video response for you if you ask a question

response for you if you ask a question

response for you if you ask a question so thank you and I’ll see you soon

”

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