Non-monetary Startup Rewards and Recognitions 🥳

Non-monetary Startup Rewards and Recognitions. Eight employee incentives that work better than cash. In this episode of "Feel the Boot: The Science of Startups," I, discuss seven highly effective motivators and rewards for employees that founders can use to attract and retain top talent. These motivators include having a strong vision, giving employees equity, providing public recognition, delegation and employee empowerment, giving personal attention, tailoring rewards to the individual, and unique “wow” rewards. I emphasize the importance of understanding what motivates individual employees, as what works for one may not work for another. I share two examples of "wow rewards" that have had a significant impact on employees, such as handmade plaques and giving solid gold coins to employees who have put in a "gold medal performance." Access all my content on Running your Startup https://ftb.bz/running Get this content at an article https://ftb.bz/91B Listen to the podcast https://ftb.bz/Podcast Sign up for advising https://ftb.bz/advising 0:00 Intro 1:41 Vision 2:16 Equity 2:57 Public Recognition 5:36 Delegation 6:34 Founder Time & Attention 7:42 Personalization 8:55 Avoiding Anti-Motivation 9:33 “Wow” rewards Lance Cottrell has been an active startup advisor and startup mentor for over a decade. He has helped countless startups navigate the key decisions of their journey, like when to take venture capital investment and negotiating term sheets. He works with many companies in accelerators like Y Combinator and Founder Institute. He provides help with startup funding including raising venture capital and angel investment. He can help you achieve liquidity for your company at a high valuation. Feel the Boot is a startup vlog of tips and advice for early-stage founders.