[jonsmock]

I definitely agree, especially with the idea of getting your employees further invested in the company, even if it doesn't mean a job/title change. I don't get compensated the way I might somewhere else, but it's awesome to work somewhere where I have influence and my ideas have a shot at being implemented.

Perhaps give your employees stock or the responsibility of making decisions in their specialty areas. Or, give them something like 20% time where they can be creative. Perhaps they'll create some beautiful, original woodwork that gets you press on your blog. Or, perhaps, it just enriches their lives and keeps them happy.