On this episode, Chris discusses incentives that drive companies and people, COR - how to incentive your people to make money and watch expenses, and why it all starts with the culture of your company.
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Learn more about Chris Powers & Fort Capital: https://www.FortCapitalLP.com
Follow Fort Capital on LinkedIn: https://www.linkedin.com/company/fort-capital/
Listen & Subscribe on Spotify: https://open.spotify.com/show/7oIeNSaSJ4zkTQOXiedyOr?si=dEM48cSPQ9OIQ1HiD8sjrg
Listen & Subscribe on Apple Podcasts: https://podcasts.apple.com/us/podcast/the-fort-with-chris-powers/id1410549811
2:02 - You should strive to be profitable
3:12 - Culture vs. Incentives
Ted Talk about Super Chickens Margaret: https://www.ted.com/talks/margaret_heffernan_forget_the_pecking_order_at_work?language=en
7:00 - Social Capital
7:59 - Incentivizing a team environment
9:24 - Using COR as an incentive
14:41 - There is no perfect incentive
Twitter Questions:
21:50 - How do you incentivize at FC based on Promote?
25:04 - Rolling Bonuses
28:51 - How do you incentivize brokers?
30:21 - How do you incentivize the back office?
32:39 - Incentives are not only about making money