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Why we should fire fast, not last!

Berkonomics

After hiring someone with all the attendant enthusiasm followed by the training and learning curve, if an employee shows signs of weakness in the job or problems dealing with contemporaries, it is the natural tendency for most of us to go first into coaching mode and reset the observation clock to see if our excellent coaching does the job.

Coach 156
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10 Elements of a Coaching Culture and Why You Need It

Startup Professionals Musings

Every entrepreneur and business person I know wishes he had more time for coaching all the members of his team. I often hear the excuse that coaching takes more time than simply diving in and doing the job for the other person, but is that really true? Exceptional communication is a prerequisite to coaching.

Coach 91
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Your board should protect you!

Berkonomics

They write in their investment documents that they will occupy a seat on the board for as long as they are invested in the company, thinking of this as a protection for their investment and tool for them to influence growth. All other board functions are secondary. Well, how far should a board member go? Of course they should not.

Class 282
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Fire fast, not last.

Berkonomics

After hiring someone with all the attendant enthusiasm followed by the training and learning curve, if an employee shows signs of weakness in the job or problems dealing with contemporaries, it is the natural tendency for most of us to go first into coaching mode, and reset the observation clock to see if our excellent coaching does the job.

Coach 243
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Hire on ability. Fire on fit.

Berkonomics

For the sake of protection, there should be at least several coaching sessions and a documentation of these sessions in the employee record. Firing on fit is an important rule to consider when examining the early work of a new hire – within the first ninety days.

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7 Leadership Strategies That Assure Real Team Results

Startup Professionals Musings

I saw the key ones outlined well in the classic book, “ Creating High Performers ,” by William Dann, a leading coach to experienced CEOs. Your standards for product quality, sales growth, and customer satisfaction must be documented and reviewed prior to results and performance reviews.

Coach 93
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What would happen to the business if you die, leave or are disabled?

Berkonomics

The outcomes were quite different with one board fending off immediate threats of lawsuit by creditors, another coaching a key employee into the CEO job, and the third electing a board member with experience to step in as CEO. Not an easy conversation- succession planning. This is one sticky conversation for most young executives.

Coach 156