Profit Sharing – The Greatest Incentive of All

Monday, September 14th, 2009

I read a short article in an in-flight magazine years ago that ignited my career and changed my life. The small publishing company I had started was about three years old; we had no capital and we were losing money every month.

The article I happened to see was about a Swiss hotel that had been losing money as well. The building was run down and employee morale was low. The owners interviewed a potential new manager, and he said if he was hired for the job, he would implement this simple formula: one-third of the profits would be plowed back into the hotel for renovation, one-third would go to owners, and one-third to employees.