Search
Recommended Sites
Related Links






   

Informative Articles

Diversity in Small Business
When any business starts up, it needs to find a customer base, so as to enable it to establish a foothold on the economical opportunities that are available. Naturally, there are many different types of business, and each one has to create a...

Small Business Checks – Money Saving Options
When you go into business for yourself, there are many things to consider. What you don't want to worry about is spending too much money on unnecessary items. Business checks are one of those things. They don't have to be expensive. Your bottom...

Small Business Franchise Opportunities
Many businesses offer small business franchise opportunities. There are many things that are needed for a small business of this kind, but the rewards are great. Franchising allows you to take on a proven and marketable brand and logo, without...

Small Business Web Design
Is your business ready to be part of the internet? In need of a quality web site, but need to find a web designer to fit your budget? Your web site will become your new online store for others to see. When It comes to the internet appearance is...

Top Ten Frugal Ways To Market Your Small Business
Most, if not all, small businesses are built on a budget. Available funds must be used to buy technology, additional phone lines and marketing materials such as business cards. In this article you will find ten low cost or no cost tips that will...

 
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.






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.




Sign up for PayPal and start accepting credit card payments instantly.