Do you pay your kids an allowance? Maybe it isn’t the best way to go. In this Business Rockstars Minute with Ken Rutkowski, he argues that a pay-for-performance or incentive model is a better way to teach your kids about the real world. You can go even farther and think about how an automatic allowance eventually encourages and subtly teaches your kids to expect money for no or minimal work. Don’t do that to them. Want to know more? Take a look.
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This is one in a continuing series of Business Rockstars Minute videos presented by Ken Rutkowski. They cover a range of small business topics, especially for entrepreneurs, and give you a real quick start on the topic and are a great point for jumping off. We recommend that you check out their daily live shows over at Business Rockstars as well. But most importantly, please let us know what you think in the comments. We want your feedback on how you like these and on future topics.