Struggling with whether to keep or release an employee? In this episode, we tackle the hard truths about terminations, cultural impact, and why the right move might be the hardest one.Time Stamps01:44 - Introduction and Initial Dilemma02:08 - Immediate Action vs. Strategic Replacement04:02 - Consequences of Delaying Termination05:56 - Cultural Impact and Employee Morale09:58 - Challenges & Considerations When Firing An Employee13:51 - Performance Plans and Coaching17:35 - Reasons to Consider When Firing an Employee24:54 - Implementing Change and Upholding StandardsSnippets from the Episode" What is the benefit of waiting? If it's that you think they'll change, the preponderance of the evidence says, no, they won't.” - Martin You're suffering and you're not replacing. You've still got a square wheel out there. You've got to get a round wheel.” - Martin“Nothing to ruin a good employee faster than you tolerating a bad one.” -Martin ”Performance plans don't work, unless the performance plan is for the manager.” -Khalil24 Things Construction Business Owners Need to Successfully Hire & Train an Executive AssistantResourcesCheck out OpenPhoneBuild a Business that Runs without you. Explore our GrowthKits Need Marketing Help? We Recommend BenaliNeed Help with podcast production? We recommend DemandcastMore from Martin Hollandtheprofitproblem.comannealbc.com Email MartinMeet With MartinLinkedInFacebookInstagramMore from Khalilbenali.com Email KhalilMeet With KhalilLinkedInFacebookInstagramMore from The Cashflow ContractorSubscribe to our YouTube channelSubscribe to our NewsletterFollow On Social: LinkedIn, Facebook, Instagram, X(formerly Twitter)Visit our websiteEmail The Cashflow Contractor
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If you’re like most contractors we know, then you started your business because you’re passionate about and great at your craft. You also wanted to be your own boss. Owning a business has a lot of advantages, but also a lot of challenges.
We started this podcast to talk about things that matter to you as an owner, like business fundamentals, sales processes, marketing, leadership, and much more. Armed with knowledge, you’ll be able to reach your goals, whether that’s growth, getting your shop to run without you, or anything in between.