Owen Rascovich

speaker

1,108 appearances 5 recordings 1 series first heard Mar 2019 last heard Oct 2019

Owen Rascovich’s voice in public audio — every appearance, attributed to the second.

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Exactly.

Okay.

So what's another tip?

I think that's, you just touched on something not a bit, I'm surprised not many people know about this.

And that's equity in a company.

There's more ways than one for you to be rewarded.

And one of those is a thing called equity.

And that is effectively ownership in a business.

The way that tends to work is not always, but the way it tends to work is you earn it out over time.

So they might say, you can have 1% of the company if you stay with us for the next year.

And that immediately you might be like, well, why would I take that?

Well, in time, the company could be very profitable and you can be effectively a partner in the business and earn money from that.

Oh, yeah.

Look at all the richest people in the world.

They didn't get rich by earning an income.

They own parts of businesses.

And that's

As a small business owner myself, that's something that I have to do or I have to consider to attract really good people.

Because I don't have a huge budget to go and take the top whatever from some industry and then bring them over.

I have to attract them with other things, be more creative, flexible work arrangements, whatever.

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