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Add You - Management Consultant Asks: Why Aren't You Earning Residual Income?
American business is on the decline. Countries across the globe are producing products cheaper than and with higher quality than we are in the United States. Theorists have concluded it is everything from a lost work ethic to heavy government legislation. The truth lies somewhere in between these realities and reform is necessary in order to reverse the trend. The following principles should guide government legislat
In fact, paying you royalties or a residual income may be in their interest, it may spawn innovation, create that extra spark of incentive to attract and retain the very best designers.
How, then do companies decide what they’re going to pay?
MONKEY-SEE, MONKEY-DO!
They imitate eac
Pallet racks are the stands where pallets can be stored. Each rack can effectively hold hundreds of pallets, depending on the size. Pallet racks are excellent for managing space within the warehouse or a store. Pallet rack systems are of many kinds: light/heavy duty, open/closed tubes, selective pallet rack systems, etc.Pallet rack systems can be designed as per user requirements. Customers need to take streng
MY COMPENSATION IS ENTIRELY ARBITRARY!
For example, let’s say you write computer programs for a software company that packages your “code” into products that it sells to customers.
You will probably be paid a salary, perhaps earn an annual bonus, and accrue some vacation time. You may also get some benefits, including a partially paid health plan.
All of this seems so normal, so typical that you never question this menu of dollars and perks. Sure, you may want a greater helping of salary, but still, as long as there is a salary and a few other goodies, you’re set.
But what if one of your software programs really takes off in the marketplace?
Will you be entitled to receive royalties from it, have any ongoing equity interest in it, or ever be able to claim a bigger desk, a reserved parking space, or any material advantage from its performance?
The short answer is “no.”
If you ask your company about it, they may smirk or laugh or just look at you as if you’re nuts and say, in a conclusive, parental monotone: “We don’t do that.”
They won’t say WHY they don’t do it, because they probably haven’t thought it through.
In fact, paying you royalties or a residual income may be in their interest, it may spawn innovation, create that extra spark of incentive to attract and retain the very best designers.
How, then do companies decide what they’re going to pay?
MONKEY-SEE, MONKEY-DO!
They imitate each
As the head of hiring for a nonprofit lobbying organization, I regularly see job candidates missing out on some of the most effective ways to make themselves stand out. Here are some of the things I wish every applicant knew.A cover letter can get you in the door.Too many people use cover letters to simply summarize their r?sum?s. With such limited initial contact, don't squander a page regur
All of this seems so normal, so typical that you never question this menu of dollars and perks. Sure, you may want a greater helping of salary, but still, as long as there is a salary and a few other goodies, you’re set.
But what if one of your software programs really takes off in the marketplace?
Will you be entitled to receive royalties from it, have any ongoing equity interest in it, or ever be able to claim a bigger desk, a reserved parking space, or any material advantage from its performance?
The short answer is “no.”
If you ask your company about it, they may smirk or laugh or just look at you as if you’re nuts and say, in a conclusive, parental monotone: “We don’t do that.”
They won’t say WHY they don’t do it, because they probably haven’t thought it through.
In fact, paying you royalties or a residual income may be in their interest, it may spawn innovation, create that extra spark of incentive to attract and retain the very best designers.
How, then do companies decide what they’re going to pay?
MONKEY-SEE, MONKEY-DO!
They imitate eac
A card merchant account can put your business on the road to financial success. If your company is not yet accepting credit card payments, you are missing out on the powerful potential of this income stream. Many business owners who started taking credit card payments claim that their income has doubled while overhead costs have diminished. When you become eligible to receive credit card payments, you are likely to e
But what if one of your software programs really takes off in the marketplace?
Will you be entitled to receive royalties from it, have any ongoing equity interest in it, or ever be able to claim a bigger desk, a reserved parking space, or any material advantage from its performance?
The short answer is “no.”
If you ask your company about it, they may smirk or laugh or just look at you as if you’re nuts and say, in a conclusive, parental monotone: “We don’t do that.”
They won’t say WHY they don’t do it, because they probably haven’t thought it through.
In fact, paying you royalties or a residual income may be in their interest, it may spawn innovation, create that extra spark of incentive to attract and retain the very best designers.
How, then do companies decide what they’re going to pay?
MONKEY-SEE, MONKEY-DO!
They imitate eac
The names, identities and any information relating to the shareholders and directors of the company are 100% confidential; they never appear on any official document or record and as stated; if this isn't enough privacy for you then nominee directors and shareholders can be appointed. There are many potential benefits to establishing an International Business Company offshore, but few jurisdictions offer the features
The short answer is “no.”
If you ask your company about it, they may smirk or laugh or just look at you as if you’re nuts and say, in a conclusive, parental monotone: “We don’t do that.”
They won’t say WHY they don’t do it, because they probably haven’t thought it through.
In fact, paying you royalties or a residual income may be in their interest, it may spawn innovation, create that extra spark of incentive to attract and retain the very best designers.
How, then do companies decide what they’re going to pay?
MONKEY-SEE, MONKEY-DO!
They imitate eac
Industrial paper shredders are used to shred large volumes of paper. These are perfect for use in large companies, outsourced shredding companies, large corporations, banks, businesses, and warehouses. Industrial paper shredders can manage all your paper shredding needs in a cost effective, secure, and convenient way. Industrial paper shredders are able to destroy substantial workloads more efficiently. They are avai
In fact, paying you royalties or a residual income may be in their interest, it may spawn innovation, create that extra spark of incentive to attract and retain the very best designers.
How, then do companies decide what they’re going to pay?
MONKEY-SEE, MONKEY-DO!
They imitate each other. Some call it benchmarking, others conduct salary surveys, but the net of it is the same. They mirror each other.
Breaking the paradigm is difficult, once it has been established.
Let me give you an example.
One of my clients is a consultant who shows his clients how to save money on their printed advertising. Specifically, he knows how to tweak ads so they can be smaller, cost less, but yield better results than large ads.
He charges a percentage of the savings he’s able to generate, which seems very reasonable, right?
If he doesn’t save them money or improve the ads, they don’t pay. Only if they get results do they have to pay.
What can be sweeter?
But he has found that is not the way his clients want to pay. They prefer paying him for his TIME, which is the way the great majority of consultants bill their clients.
They believe, of course, that if they pay only for time, they’ll reap the benefit of his expertise, for less.
But even if they traded dollars, or if they saved money his way, they’d prefer to do it theirs, which is the traditional way.
When it comes to compensation, tradition dies hard.
But there is hope, if you’re creative, diligent, talented, and they need you.
Ch
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