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Episode 253: Firing People is Part of Growing and Running a Business

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Manage episode 414084514 series 2914144
Content provided by Molly McGrath. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Molly McGrath or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

In this episode, Molly provides valuable insights into the inevitable aspects of managing a team, such as the need sometimes to make difficult staffing changes, and how to evolve a business into a structured and systematic entity. She explains the need for alignment with the company's vision and goals, urging business owners to remain steadfast in this journey toward growth and operational excellence.

Key Takeaways:

  • Implementing structured business practices such as KPIs, job descriptions, and systematic workflows is essential as a company grows.
  • Resistance to change is a natural part of the process, particularly from first or long-standing employees, and must be addressed strategically.

  • As businesses systematize, it's not uncommon for employees to feel micromanaged, but this transparency is crucial for the overall health of the company.

  • An employee's reluctance towards structured growth can sometimes indicate that the company may no longer be the right fit for them.

  • Having difficult but necessary conversations, whether about performance or business direction, is crucial for maintaining progress and achieving goals.

Quote for the Show: "Yes, you will have to fire people. That's part of the deal." - Molly McGrath

Links

Ways to Tune In:

  continue reading

100 episodes

Artwork
iconShare
 
Manage episode 414084514 series 2914144
Content provided by Molly McGrath. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Molly McGrath or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

In this episode, Molly provides valuable insights into the inevitable aspects of managing a team, such as the need sometimes to make difficult staffing changes, and how to evolve a business into a structured and systematic entity. She explains the need for alignment with the company's vision and goals, urging business owners to remain steadfast in this journey toward growth and operational excellence.

Key Takeaways:

  • Implementing structured business practices such as KPIs, job descriptions, and systematic workflows is essential as a company grows.
  • Resistance to change is a natural part of the process, particularly from first or long-standing employees, and must be addressed strategically.

  • As businesses systematize, it's not uncommon for employees to feel micromanaged, but this transparency is crucial for the overall health of the company.

  • An employee's reluctance towards structured growth can sometimes indicate that the company may no longer be the right fit for them.

  • Having difficult but necessary conversations, whether about performance or business direction, is crucial for maintaining progress and achieving goals.

Quote for the Show: "Yes, you will have to fire people. That's part of the deal." - Molly McGrath

Links

Ways to Tune In:

  continue reading

100 episodes

All episodes

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