Tips for small businesses owners

When it comes to business..

If you are a small business owner, you must subscribe to Inc. magazine or at least read the November issue. On page 26 you will find an article which will help you to appreciate yourself more and raising your own salary. Only 17% of the founders of small businesses get the highest salary on the payroll. 
I love what Noam Wasserman, Harvard business school professor and author of the Founder’s Dilemmas (I must have this book) said: “This so-called founder discount exists because entrepreneurs often give up compensation for the sake of their companies. Plus, founders may have less leverage in salary negotiations: “A founder couldn’t credibly threaten to leave his start-up if his board didn’t give him a raise, because they know that he wouldn’t quit over a $50,000 shortfall. In contrast, a nonfounder’s similar threat would be a lot more credible.”

May all of us make salaries we deserve, even if most of us are in the business not for money but for the challenge of creation.

This post is contributed by a community member. The views expressed in this blog are those of the author and do not necessarily reflect those of Patch Media Corporation. Everyone is welcome to submit a post to Patch. If you'd like to post a blog, go here to get started.


More »
Got a question? Something on your mind? Talk to your community, directly.
Note Article
Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors.What's on your mind?What's on your mind?Make an announcement, speak your mind, or sell somethingPost something
See more »