Coach Pete talks about the difficulties of compensation in family business.
A viewer writes in with a concern. All the siblings in the family business have different levels of responsibility, but are all paid the same! This is the perfect way to build ill will, family discord, and major problems in the family business.
Many families use equal pay as a short-term fix to try and keep everyone in the family happy. Equal pay can break the spirit of the strong player, and mask the problems of the weak player.
In this video, Coach Pete will walk you through a four-step process to help figure out the proper way to compensate family members for performance.
As always, lean on Coach Pete for support and play to your potential!
