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Advertising - For Small Businesses (Part 1)
Is it right for you? If you decide to advertise your product or service then you must ask yourself - "Will potential customers read this publication and will they take action having read my ad?" National newspapers - Read by a huge cross section...

Growing Your Small Business, an Introduction
Almost every business owner wants to see his/her business grow. If you are thinking about the future of your business you probably have more questions than answers. But making sure you ask the right questions in every area of your business should...

Small Business Outsourcing: An Introduction
Outsourcing is the delegation of a business process to an external service provider. The service provider will then be responsible for the day-to-day running and maintenance of the delegated process. Before outsourcing an IT function, look at...

Small Business Tax Deductions for Year End 2004
As a small business owner, it's wise to familiarize yourself with some key deductions that may reduce your tax bill for 2004. Employee Benefit Plans - You may deduct contributions to employee benefit plans (such as health insurance plans and...

Top 10 Ways to Get Better Small Business Computer Tech Support
Article Title: Top 10 Ways to Get Better Small Business Computer Tech Support Author: Joshua Feinberg Web Site Address: http://www.smallbiztechtalk.com Publisher of "Tips": KISTech Communications - Morganville, N.J., USA Word: 941...

 
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.




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