As we get closer to the holidays, you may be wondering how you can pay your team a holiday bonus for their performance this year. Bonuses are an amazing way to incentivize your team to hit their goals and reward them for hitting their marks. In this episode, I share the logistics of creating a bonus structure for your team members, what I’ve seen done well (and not well) when it comes to bonuses, and how to incentivize team members that aren’t money-motivated.    Some key takeaways from this episode will include: The benefits of implementing a bonus structure in your business Deciding what the performance goals will be for bonuses Why your bonus structure should be a win-win scenario, not a loss Who should get a bonus in a private practice How to incentivize team members who aren’t motivated by money Ranges for bonuses based on the caliber of the position What I recommend for how often bonuses should be paid out Factoring how bonuses are taxed into the overall amount How to utilize ChatGPT to write your bonus structure   ChatGPT prompts to try: Create a bonus structure for a [practice specialty] private practice that will reward team members who work in the [fill-in-the-blank] department? Create a bonus structure for a [position/title] of a private practice in [insert specialty] that has financial oversight. Create a bonus structure for a [provider] who sees 25 patients per day in [X] specialty. Create a bonus structure for a [provider] who sees 25 sessions per week and is wanting a portion of the profit at $50,000 per year.   It's time to take back your practice and own your CEO status. On the CEO Conversations™ podcast, we will cover the business side of your practice with actionable takeaways for you to implement in your practice. We will discuss: marketing, team building & leading, finances, operations & systems, YOU and everything in between.    Connect with Brandy: Brandy Mabra on IG Private Practice CEO IG Website Apply for the Private Practice CEO™ Program  

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