The small business owners and startup founders of today that will shape the future are those who have the willingness to reward employees very well as the business increases in profits.
Millennials make up the majority of the workforce for small businesses and underfunded startups. Most millennials desire the 'good life' but the large corporations have few openings.
The good life aspiration of these millennials remains valid. Yes, we encourage them not to despise startups and SBs, but business owners and founders also need to work towards meeting these aspirations gradually as the business grows.
This is the path to employee loyalty, your commitment to take good care of the employees. Many business owners do not have plans for creating health schemes, child support, and the likes.
The higher the skill level and competence of employees, the more they demand as take-home pay and benefits. They are not being greedy or inconsiderate, it's the same way you want premium paying customers.
Moving from small business to a proper functional company is beyond how much money you are making now. You need to change your thinking altogether to operate at that level.
With love from
Maple Dappa
Principal Consultant at Mapemond Brand Engineering Company
