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The Art of Online Business

Stuck in Neutral: The Hidden Dangers of Holding on to an Employee for Too Long

The Art of Online Business

Kwadwo [QUĀY.jo] Sampany-Kessie

Team Building, Online Business, Outsourcing, Marketing, Facebook Ads, Business Scaling, Business, Online Marketing, Productivity, Evergreen Sales Funnels, Podcasting, Youtube, Entrepreneurship, Social Media

4.8828 Ratings

🗓️ 21 June 2023

⏱️ 23 minutes

🧾️ Download transcript

Summary

Hey there, welcome to this episode of our podcast! Today, we're talking about a topic that can be a challenge for many online businesses: dealing with underperforming employees. ‍‍ ‍‍ ‍‍ Cut your lead gen costs in HALF with my $37 mini-course–NOW only $17!Visit The Art of Online Business website for Facebook Ads help‍‍ ‍‍ ‍‍ As a CEO, I know firsthand how difficult it can be to address underperformance in the workplace. However, I've learned that taking action is crucial for the success...

Transcript

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0:00.0

All right, what's up, my friends?

0:10.4

Welcome to today's episode of the Art of Online Business Podcast.

0:14.0

Rick Mulready here.

0:15.3

How the heck are you today?

0:16.1

I hope you're doing well.

0:17.2

So today I want to talk to you about a challenge that so many of us CEOs of online businesses

0:22.8

come across or deal with or ignore for way too long. I know that this is something that I did

0:30.9

early on in my business a lot actually because honestly it was just something that I didn't

0:36.1

want to deal with. And then I learned

0:38.3

my lessons. And that is the, when we hold on to an employee for far too long, meaning this person's

0:45.8

been underperforming for a long time and we have not dealt with it in the proper way. Whether that's

0:52.7

putting them on a performance plan or whether

0:54.5

that's actually letting them go, when we hold on to something or hold on to somebody for too long,

1:00.1

it is a huge hindrance to the business. Obviously, it's so important to have the right team members

1:08.0

in place to grow and scale your online business. And when we don't

1:12.0

have those people in place, meaning they're on your team maybe, but they're just not performing

1:17.4

what tends to happen. And what I see a lot of, especially this year, there are some people

1:22.8

in Accelerator that were going through this earlier in the year where they were holding on to

1:26.3

employees for too long for whatever reason. And it was really hurting the business. So what I want to do here today

1:33.2

is help you identify, you know, some of the signs of an underperforming employee, what some of

1:39.1

those consequences are of not taking action on that underperforming employee or employees, and then just give you

1:45.9

some actionable advice and tips on how to handle those situations.

...

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