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Avoid This Hiring Mistake
Manage episode 430720809 series 3558204
Inhoud geleverd door Salena Knight | Retail & Ecommerce Growth Strategist, Salena Knight | Retail, and Ecommerce Growth Strategist. Alle podcastinhoud, inclusief afleveringen, afbeeldingen en podcastbeschrijvingen, wordt rechtstreeks geüpload en geleverd door Salena Knight | Retail & Ecommerce Growth Strategist, Salena Knight | Retail, and Ecommerce Growth Strategist of hun podcastplatformpartner. Als u denkt dat iemand uw auteursrechtelijk beschermde werk zonder uw toestemming gebruikt, kunt u het hier beschreven proces https://nl.player.fm/legal volgen.
Would you let an ads manager spend thousands of dollars every month, even though you’re not getting any new customers or sales?
How about having to fire a friend or family member, because they're just not what you need to move you to the next level?
Or, would you let a poor-performing employee, bankrupt your business?
Believe it or not, these are just 3 scenarios I’ve encountered with retail & ecom business owners over the last couple of weeks, that could potentially bankrupt the business.
But even having the threat of going bankrupt hanging over your head, isn't always been to push a business owner to make a decision.
So it got me thinking. If bankrupting your business and losing everything that you’ve worked so hard for isn’t enough of a motivator, what is?
Join me as I walk you through a real-life scenario of what happens when you make this hiring mistake, plus the advice I gave and of course the happily-ever-after (or is it?).
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Common scenarios that could potentially bankrupt a business. 0:02
A furniture store owner struggling with work-life balance and financial difficulties. 3:11
Marketing and inventory management for a struggling business. 8:32
Business constraints and potential solutions for a struggling fashion retailer. 12:31
Poor operations management in a business, leading to low sales and aged inventory. 17:25
Improving business operations through delegation and process updates. 21:52
Managing an underperforming employee in a small business. 27:21
Full article: https://salenaknight.com/avoid-this-hiring-mistake/
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