MBA624 Q&A Weekends: How do I let go of a long time employee in my business that is not working out?

The $100 MBA Show

Omar Zenhom

Careers, Entrepreneurship, Business, Marketing

4.9 • 1.2K Ratings

🗓️ 15 May 2016

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

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Summary

It's Q&A Weekends, and today we answer a doozy: How do we let a long-time employee go? Businesses change, and sometimes that means firing people. It can even mean firing someone who's been with you for a while. The good news is that there is a way to do it with compassion and professionalism. It can even be an opportunity for both of you. Listen to today’s episode and hear how to do what sometimes must be done.

Transcript

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0:00.0	Hey, welcome to the $100 MBA show and today is a Q&A weekend's episode where we answer your question right here on the show.
0:17.0	If you have a question you want to ask, just email us over at support at business republic.net.
0:21.0	As always, I'm your host, your coach, your teacher,
0:24.3	Omar is at home.
0:25.6	I'm also the co-founder of the $100 MBA
0:28.0	over at 100 MBA.net.
0:31.1	We got plenty of free goodies for you, free guides for you to download, as well as a full video course on idea validation. Check it out at 100 MBA.net.
0:40.0	In today's Q&A Weeknd's episode, Brian asks a question,
0:44.0	how do I let go of a long time employee in my business
0:47.0	that is simply not working out?
0:49.0	Really good question Brian, a really tough situation.
0:51.0	I've been there before, and I'm going to share my experience and share with you what I advise you to do in this situation, how to tackle this situation, how to take on this challenge and make sure you feel good about it.
1:03.3	I want to start by saying this is not easy.
1:05.3	This is a really tough, tough situation.
1:07.6	Regardless of how much they're not working out, you've built a relationship with this
1:11.5	person. They've been around you, around the business for a very long time.
1:15.0	They've relied on you for a very long time.
1:17.0	And just as it's difficult for you, it's going to be difficult for the other parties.
1:21.0	So you want to make sure it's handled right and that's exactly
1:23.8	what we get into in today's episode so let's get down to business.
1:27.0	Today's episode of the $100 MBA show is sponsored by Sumome.
1:35.0	We've been using Summee for over two years now and it's the best tool for growing your
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