Know When to Let Go of Bad Employees...
October 19, 2018
So many small businesses fail or stall due to bad or underperforming employees. Many entrepreneurs have a hard time cutting ties...as firing someone is never easy. Failing to do so, however, is detrimental. It causes more stress on themselves, the other employees, customers and of course the bottom line.
If you have a team member who is continually late, unproductive, unambitious, insubordinate, lacks passion, stealing, or worse...holding on to them is akin to letting a disease go untreated in your body. It will not get better. It will simply just fester & eventually wreak havoc.
There are many reasons small business owners choose to delay the inevitable: too busy to deal with it, takes too much time to train a replacement, the employee is a "nice person", employee may get better, guilt, etc. However, most small businesses cannot compensate for these employees, so in the interim, the businesses suffer...they become a direct drain on the company's finances.
Your business is only as good as your people, so underperforming employees yield underperforming businesses. Once you've done everything you can to motivate and train them, it is time to apply the corrective action shown in this picture (smile).