1. Show them the numbers
Share the P & L with them to inspired them to cut costs or create revenue. If an employee knew the company was sinking and how fast, I’m pretty sure they would help throw water overboard or else they are going to sink with the ship.
2. Bring business school to them
Teach them cash flow, profit, head count, turnover, kanban, just-in time inventory, and all of the important metrics relevant to your business. When they understand that accounts receivable is going up, they can innovate and take action because they know what that means. This will allow them to communicate and move more powerfully as well as keep them learning.
3. Have them write business plans
Instead of just letting people throw out ideas that sound good, have any idea be supported by research and a business case. Create a template for proposals that people use to substantiate their ideas.
4. Give them equity
If employees feel like part-owners rather than replaceable pons, they will be more invested in the growth of the company. Whereas salaires are guaranteed, equity only grows when the company grows. Equity offers another layer of investment and motivation.
5. Teach them the entire business
Many employees operate in silos. They only understand their function and job. Instead, teach them the entire business so they fully understand how they fit into to the larger equation and how things are interdependent. If you don’t do this, this is how it effects this. Educate them on the industry and how the company really makes profit.