The EntreLeadership Podcast I Want to Fire Her, but Then My Business Would Be Screwed
17 snips
Feb 24, 2025 A business owner grapples with an employee who holds exclusive access to company accounts, raising concerns about accountability. Meanwhile, another man reflects on leaving his business for new family commitments in Houston. Discussions highlight the importance of operational resilience through shared knowledge, sound financial management, and the transformative power of service. The challenges of transitioning to entrepreneurship are addressed, emphasizing the need for a consistent client pipeline alongside personal and family responsibilities.
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Diversify Access, Mitigate Risk
- Eliminate single points of failure in your business processes, especially regarding finances.
- Diversify access to accounts and crucial information to mitigate risks.
Separate Systemic Issues from Performance Issues
- Separate the mistakes of previous leadership from the current employee's issues.
- Address systemic issues first, then discuss performance and attitude problems separately.
Reverse-Engineer Your Business Decisions
- Reverse-engineer decisions by considering if you'd start the business in your current situation.
- If the answer is no, divest and focus on local opportunities.
