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While the current economic climate hardly lends itself to commercial growth and prosperity, the practice of entrepreneurship continues to remain a viable option for many. As concepts such as outsourcing, social media marketing and networking have driven down the cost of business start ups throughout the world, it has become far easier for entrepreneurs to create accurate budgets and turn their vision into a workable business model.

One issue that remains, however, is the cost of retaining and incentivizing staff, especially as your venture grows and requires a greater infrastructure to support it. It is often necessary to find new and innovative ways of keeping your staff motivated, and provide them with the necessary tools to help you fulfill your businesses vision.

1. Empower Your Staff: Given the way in which technology has empowered the consumer and leveled the playing field on which large and small businesses ply their trade, it stands to reason that employees should expect more than an arbitrary job and basic salary. Instead, they want to participate in something genuinely purposeful, and play an active role in helping to achieve a goal or mission. To help motivate your staff, empower them with trust and make them a key part of your venture, so that every achievement can be considered as a collaborative one.
2. Consider Innovative Team Building Events: The nature of corporate team building events has changed dramatically in recent times, thanks largely to the evolving concept of experimental marketing and the efforts of innovative event planners such as Chillisauce. Corporate team building events in 2012 can not only be conducted on a small and intimate scale to suit your budget, but they also entail a comprehensive range of indoor and outdoor activities that promote the value of team work, leadership and responsibility.
3. Make Your Employees Lives Easier: For staff to be empowered and incentivized, they must be able to achieve job satisfaction through the course of completing their everyday workload. This can be accomplished by making their working lives as easy as possible, and the application of technology will play a significant role in achieving this. With free to use open source software programs and cloud based technology helping small businesses to streamline their working processes without breaking the bank, as an entrepreneur you can improve productivity, morale and motivation in one fell swoop.

The Bottom Line
These steps can help today’s entrepreneurs and small business start ups to empower their staff without investing huge amounts of capital, while also creating a workforce that is motivated by more than merely financial incentives. So not only can entrepreneurs save valuable revenue without putting their venture at risk, but they can also create a far greater integration between their staff and the vision that they are hoping to bring to fruition.