Scared Money – What is it & how does one avoid it?  

The corporate world has evolved into something that even 10 years ago would not have been feasible. Simply being smart is not enough to sustain a healthy company or career, so businesses are faced with immense pressure to achieve results that their predecessors would not have even dreamed of, just to stay in business. Take for example, Uber. Uber is a driving car service that is globally known for its ease of use, number of available locations, and ability to hire a private car service in one’s local language regardless of whether that location speaks this language. 

While Uber has become a conglomerate of success, it has not been without many factors that question its long term sustainability. Take for example the negative press received by Uber in recent periods related to unqualified drivers, unsafe driving conditions for passengers, and of course, local government challenges prohibiting their use as they harm the taxi services of these cities. 

When looking into this driver a bit further, SBA can prove that this concept from 20 years ago still stands true. Consider Google or Amazon for example. Both companies have grown into multi-billion dollar conglomerates and have ever increasing profits. Similarly, both also have a core focus of employee job satisfaction through perks such as in-house daycare facilities, restaurants, even dental practices and doctor’s offices on site. When looking at the Google complex in Silicon Valley, they even have bars, restaurants, and Segways for employees to get around with ease. 

Why do these companies invest so much in their employees? Because this investment is returned 20X over as happy employees generate stronger product output and focus harder on their tasks at hand. 

While google and Amazon are employing some of the world’s top intellect, the same model can be applied across any job function or level. This doesn’t mean that all companies should provide in house massage therapists, doctor offices, and free top-quality food options, and child care, but they should take notice that an employee who feels valued and appreciated, will put that extra 150% effort into their job functions and produce enhanced business products or services. 

At Schwartz Business Advisors, we not only understand this concept, but display it throughout our firm, ensuring that our resources feel valued, are compensated correctly, and most importantly help ensure our clients understand that even the smallest appreciation of an employee’s effort goes a very long way. Even the smallest task such as an email informing a staff member of a job well done, brings positive focus and makes the employee want to work harder without asking them to. This positive attitude is a core pillar of SBA’s foundation. 

“The key to Success is being comfortable with being uncomfortable.”