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The four rules for motivating your employees with money.

Berkonomics

Salaries or hourly wages must be within reasonable limits set by the industry and matched by the competition, both regionally and for the same job classification. There are many studies that tell us how various industries reward employees for achievement above a base pay, or beyond expectation. Some obvious qualifiers.

Design 156
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6 Information Surges Raise Huge Startup Opportunities

Startup Professionals Musings

Per a recent study by networking giant Cisco , the world’s yearly mobile data traffic has grown 17-fold over the past 5 years, reaching 11.5 There is still infinite room for new startup sales modes and models. Extend data metrics into non-traditional channels, such as email, internal social media, and customer collaboration platforms.

Startup 126
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7 Forgotten Keys To Productive Customer Relationships

Startup Professionals Musings

In fact, being connected on the Internet has taken on a whole new meaning to me, since I noticed a study commissioned a while back by PC Tools , which found that more than a quarter of people using the Internet have no problem with staying online during sex. Email surveys and voice response units are not effective listening.

Customer 104
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8 Ways To Ensure Customer Interactions Are Memorable

Startup Professionals Musings

Studies show that peer recognition programs are often more effective than bonuses or cash rewards. Relationships also build loyalty, get referrals, and drive more sales. Pleasant surprises don’t have to be big – like how fast you return a phone call or email. Incent and reward employees who delight customers.

Customer 147
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7 Keys To Active Listening For Real Customer Feedback

Startup Professionals Musings

In fact, being connected on the Internet has taken on a whole new meaning to me, since I noticed a study commissioned a while back by PC Tools , which found that more than a quarter of people using the Internet have no problem with staying online during sex. Email surveys and voice response units are not effective listening.

Customer 128
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How Many Investors Should You Talk to in a VC Fund Raise? And How Do You Prioritize?

Both Sides of the Table

The most important advice I could give you before you set out in fund raising mode is to understand that fund-raising a sales & marketing process and needs to be managed. Somehow many first-time founders equate “sales” with something that is beneath them. In sales there are also three rules: Qualify, qualify, qualify.

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Money motivates.

Berkonomics

Salaries or hourly wages must be within reasonable limits set by the industry and matched by the competition, both regionally and for the same job classification. There are many studies that can tell us how various industries reward employees for achievement above a base pay, or beyond expectation.

Design 120