You should wear the badge of “control freak” with pride. Micromanage, micromanage some more, then circle back to make sure the task is getting done, and done right. You may have to put in more a lot time at the office. You’ll have to give up a few evenings and most weekends. But you’ll ensure your business is making maximum profits. Decide now: longer hours and more focus, or much less money to put into your bank account? I know which option I’d pick.
Getting rid of incompetent workers is probably one of the hardest things bosses have to do. When they sit across the desk from you with their big sad eyes, telling them about the mortgage they’re behind on, or the college tuition they have to pay for their kids, it can be gut wrenching. But you have to let the axe fall on deadwood. If you don’t, the performers in your business will resent it, and you’ll be losing money on payroll for someone who doesn’t contribute to the bottom line.
You can’t afford to keep them. You don’t have those kinds of margins for failure. Don’t buy the excuses and don’t get soft. For the sake of the business, and the hard workers who rely on the business for a living, you should rid yourself of mediocre performers. It’s profits in your pocket and lets everyone know you mean business.
The desire to create wealth and live a comfortable existence isn’t a crime. It’s what we’re here for. It’s the whole point. It’s what motivates us to make a profit and build a viable business that puts cash into our pockets both now and in the future. Sure, take care of your employees. Reward and motivate the best workers. But the ownership has to come first. Sacrifice and commitment only get you so far. You also need to be selfish.
If you want your small business to excel, you’ve only got seven days a week to make it happen. Use that time wisely. Remember, while your competitors are at the BBQ, fishing up at the lake, or attending their kids’ softball game, you are putting in the hours necessary to build the business and make profits. When you started your business, that’s what you signed on for.
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