Episode 93: Incentive Structures

What this episode covers

Would you rent out a tiny house in your backyard? What if you didn't own that tiny house and the business that puts it on your property goes under? That could be a waste of a tiny house...We also talk about useful things like how to treat your teams like small businesses. Investing resources and time into your teams like a business provides you with a return that benefits the whole company. Incentive structures are broken-and many organizations are stuck repeating the same patterns. Change it up! Josh has suggestions. To cap it all off, we share a business idea. Additional InfoRent the backyardhttps://www.fastcompany.com/90386799/this-startup-wants-to-put-a-free-tiny-house-in-your-backyard (https://www.fastcompany.com/90386799/this-startup-wants-to-put-a-free-tiny-house-in-your-backyard) Treat your teams like a small businesshttps://www.urban.org/urban-wire/how-can-we-overcome-inequities-who-owns-small-businesses (https://www.urban.org/urban-wire/how-can-we-overcome-inequities-who-owns-small-businesses) Your incentive structure is brokenhttps://coffeeandjunk.substack.com/p/campbells-law-and-goodharts-law-when AND https://coffeeandjunk.substack.com/p/why-compensation-systems-likely-fail?utm_campaign=post&utm_medium=web&utm_source=copy (https://coffeeandjunk.substack.com/p/campbells-law-and-goodharts-law-when AND https://coffeeandjunk.substack.com/p/why-compensation-systems-likely-fail?utm_campaign=post&utm_medium=web&utm_source=copy)