Home | Bookmark This Page | Stock Market Forum

Next Small Business Topic : Competition Relations in Auto Detailing - There is significant competition in auto detailing and car washing. Even more between types of cleaning businesses, as each company attempts to expand into other services which are the mainstay of similar business models. Many times the line blurs between a car wash, oil change business, truck repair, auto accessories business, electronics installe...[ read more]







Google
 
Web stockmarketsblog.com


stock market forum

Firing Underperforming Employees in Your Small Business


Here are a few tips on how to hand out pink slips when it comes time to terminate an employee.

As a small business owner with employees, you will likely find it necessary one day to terminate an underperforming employee ? if you haven't already. In an ideal world, that wouldn't be so. We would hire the right people from the start, and then train and motivate them to do the job.

But, that's not realistic. In the audio book, "Sound Advice on Small Business," entrepreneur Jim Schell says, "The world and the people who inhabit it fall something short of perfect, and thus firing is a necessary evil of having employees."

For some small business owners, taking this unfortunate step is stressful. It might be tempting to delay the action. Schell says don't. "Once you've made the decision, get on with it," he says. "Procrastination is painful for both parties."

Before calling the employee into your office, prepare yourself mentally. "Remember that the underperforming employee is dragging down the rest of the team," says Schell. "Good employees are being penalized."

Finally, Schell suggests doing the dirty deed on Fridays. "Give both parties the weekend to recover," he says. "And remember, it's a heck of a lot harder on whoever's on the other side of the desk."

Jim Schell, co-author of "Small Business for Dummies," offers advice to entrepreneurs on managing a small business in the free audio newsletter from What's Working in Biz, http://www.whatsworking.biz/full_story.asp?ArtID=92.

About The Author

Richard Cunningham is a principal of What's Working in Biz, http://www.whatsworking.biz, the audio marketing firm bringing voice to the insights of business experts through audio books, newsletters, and magazines.

Related Products For Download:

Read Next :

Competition Relations in Auto Detailing


There is significant competition in auto detailing and car washing. Even more between types of cleaning businesses, as each company attempts to expand into other services which are the mainstay of similar business models. Many times the line blurs between a car wash, oil change business, truck repair, auto accessories business, electronics installe...

More Articles :
  • Stocks and Mutual Funds
  • Currency Trading
  • Personal Finance
  • Wealth Building
  • Investing
  • Mortgage and Refinance
  • Leases & Leasing
  • Loans
  • Taxes
  • Debt Consolidation
  • Real Estate
  • Small Business
  • Credit
  • Debt Relief
  • Insurance
  • Structured Settlements
  •        

    home | site map
    © 2006-2007 StockMarketsBlog.com