Owner Operators |
Absentee Owners |
- Fear that a key employee might leave, and that their business might be ruined as a result.
|
- Never feel that they are held hostage by an employee.
|
- Tolerate mediocre employees.
|
- Fire mediocre employees.
|
- Hope that they will hire an excellent salesperson that will bring in all the business in the world for them.
|
- Know that no employee can turn their company around and make it successful. Avoid hiring the hotshot salesperson.
|
- Hire employees solely based on the interview.
|
- Follow a formal process in hiring employees.
|
- Only look for people to hire when there is a position open.
|
- Look for people to hire all the time.
|
- Train employees by memory.
|
- Train new employees by the written manual on how the job is to be performed.
|
- Unwilling to let key employees see the company financials.
|
- Encourage key employees to read and understand the company financials.
|
- Sometimes late on payroll.
|
- Always pay employees on time.
|
- Give holiday bonuses.
|
- Give performance-based bonuses.
|
- Pay production employees by the hour.
|
- Pay production employees on a flat rate system.
|
- Hire too many people.
|
- Hire just enough people, and make sure every employee is extremely efficient.
|
