305 - Bonus Plans with Dave Asprey - 'Entrepreneur Disrupted' Series - Ep #9

Everyone enjoys a bonus, but is it the best motivator out there? In this episode, Jay and Dave discuss how they get the best out of the teams they work with and why it may not be a traditional bonus. Tune in to hear the best motivation tools Jay and Dave have seen, how to create motivation within non-mission driven companies and the downsides of using money as motivation.In this series, Jay partners with Dave Asprey to cover many of the questions, topics, and issues that entrepreneurs will face in their journey. Learn more about how Leverage can help you with Asana here: https://www.getleverage.com/asanaTimestamps:•0:00 – Introduction •3:00 – Bonus Plans: What are they and how entrepreneurs can leverage bonus plans •5:00 – The best bonus plan Jay has seen, how to build relational capital and how to motivate staff•10:45 – The bad habit of Silicon Valley: Management by objective•14:20 – How does Bulletproof manage bonus payments? (You’ll be surprised)•16:20 – How to create predictable revenue and how Jay motivates people to make more money meaningfully•19:10 – How to use Leverage to master Asana•22:00 – Motivation inside of a non-mission driven company•25:00 – Bonus plans for outside contractors & how to track results•28:10 – How to use non-linear thinking, how to motivate sales teams and the best way to train teams•32:40 – The downside of using bonus plans and our goal for this series•37:30 – Increase your teams productivity by using Asana and Leverage