Seize the Day
Commit to proactive management from the start.
Retain valued employees.
Finding the right employees is tough and time-consuming. To hang on to them:
- Establish clear goals. Employees can’t please you if they don’t know what you want. Strive to provide clear instructions; be available to answer questions.
- Coach, don’t manage. Employees like to be empowered. Let them take responsibility for the tasks you have assigned; in return, be ready to deliver positive reinforcement.
- Make it “easy” for employees to work for you. Listen to their ideas. Encourage them to stretch. Be flexible about sick days and family responsibilities.
- Reward them. Not just in their paychecks, but with something more personal, like a handwritten note or a shout-out before other team members for a job well done.
- Let bad employees go. Not everyone is a good fit; don’t hesitate to get rid of bad employees before they chase the good ones away.
- Delegate responsibility. When you’re just starting out in business and pinching pennies, it’s tempting to try and do everything yourself. But when juggling customers, calls, bills, orders and whatever else it takes to run your business becomes too much to handle, turn one or more of these responsibilities over to someone else. Just remember: You are the boss and ultimately responsible for the well-being of your business. Keep tabs on your finances and know about any relevant changes to the tax code.