059 - When You Know They Need To Go
Why Firing an Employee is So Difficult for SMBs
“We may never eliminate all the feelings of empathy, doubt, and fairness, but we cannot let them keep us from terminating an employee once we know they have to go.”
As a small business owner, you know firsthand how challenging it can be to keep your company running smoothly. From managing finances to handling customer relations, there's a lot on your plate. Unfortunately, sometimes this includes making the difficult decision to let an employee go. It's a situation that no one wants to be in, but it's a necessary part of running a business. In this article, we'll delve into why it's so hard to fire an employee, the subjective reasons that make it difficult, and what you can do to make the process as smooth as possible. We'll also discuss the benefits of having a solid team in place and what's at stake if you don't address underperforming employees.
So why is it so hard to fire an employee? There are many subjective reasons that can make the decision difficult. Maybe you've worked together for a long time and have a personal relationship. Maybe you feel guilty because you know the employee has bills to pay and a family to support. Whatever the reason, it's important to remember that ultimately, you are responsible for the success of your business. If an employee is not meeting your expectations or is having a negative impact on the team, it's your job to address the issue.
So what can you do when you know it's time for an employee to go? First, it's important to be honest and direct. Schedule a private meeting and calmly explain the reasons for your decision. If possible, offer support and resources to help the employee transition to a new job. It may be difficult, but it's the right thing to do.
On the flip side, having a solid team in place is crucial for the success of any business. A positive, productive work environment is essential for meeting your goals and serving your customers. By letting go of employees who are not a good fit, you are creating space for new team members who can contribute to the growth and success of your business.
Ultimately, there is a lot at stake when it comes to making the decision to let an employee go. It can be a tough pill to swallow, but it's a necessary part of running a business. If you've exhausted all other options and you know it's time for an employee to go, don't be afraid to make the tough decision. Your business, and your team, will be better for it in the long run.
Are you struggling with the decision to let an employee go? Don’t be. Don’t settle on your employees. You shouldn’t keep someone around because you feel guilty or sorry for them. You do yourself and your employee a disservice when you keep them even though you know they’re not a good fit. Listen now to gain confidence in your ability to know when they need to go.
Show Notes
Why is it so difficult? (2:30)
Subjective reasons to fire. (3:50)
What can you do? (5:20)
The benefit of a solid team. (6:30)
What’s at stake. (9:00)
Quotable Moments
“It’s pure agony. I suck my thumb. I do all other things before I finally carry it out.” – Warren Buffet
“Hire for skill and fire for attitude.” – M
“We may never eliminate all the feelings of empathy, doubt, and fairness, but we cannot let them keep us from terminating an employee once we know they have to go.” – M
“Building the right team is arguably the most important duty for our businesses. It transforms your job into a business. They provide leverage to do more and learn more.” – M
“Don’t waffle.” – M
“There’s no faster way to ruin a good employee than to have them watch you tolerate a bad employee.” – M
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