At a point when I didn't have the money to hire an assistant, I ran an ad for an unpaid intern. I ran it on a lark, thinking I'd be lucky if anyone in the world would want to work for free.

The number of responses I received was incredible, not just in quantity, but also in quality.

The intern I chose was smart, talented, and fun — all the things I want in a coworker. And I was nervous she would leave. So every day, I thought to myself, "Am I doing everything I can to keep her? Am I teaching her enough? Is she getting enough out of this job?"

People aren't managers because they have the title. They're managers because they make the people they lead feel good about themselves and what they're doing. I knew this before, from books, but I really learned it with my unpaid intern.

Most managers have a title and pay their employees. These are management crutches. If you want to be a really good manager, ignore those formalities and make people believe that they're getting something even more important out of the manager/employee deal; that way, you'll help them to grow personally.

Read the column at Yahoo! Finance