As a small business owner with employees, you will likely find it necessary one day to terminate an underperforming employee if you havent already. In an ideal world, that wouldnt be so. We would hire the right people from the start, and then train and motivate them to do the job.
But, thats not realistic. In the audio book, Sound Advice on Small Business, entrepreneur Jim Schell says, The world and the people who inhabit it fall something short of perfect, and thus firing is a necessary evil of having employees.
For some small business owners, taking this unfortunate step is stressful. It might be tempting to delay the action. Schell says dont. Once youve made the decision, get on with it, he says. Procrastination is painful for both parties.
Before calling the employee into your office, prepare yourself mentally. Remember that the underperforming employee is dragging down the rest of the team, says Schell. Good employees are being penalized.
Small Business Websites: The Beginning of Something BigNowadays people check on the internet first when they want to
find a product or a service. This popularity has made the
Internet the biggest market wherein you can find a product or a
service to cater to your needs. Many enterprising people have
discovered this and have started their own business or have
expanded their businesses to include an Internet division.
If you have a business then you need to have a website. It s
important that you learn enough about how the internet works,
and how your business will benefit from having a website. There
are lots of potential customers and p ..
Finally, Schell suggests doing the dirty deed on Fridays. Give both parties the weekend to recover, he says. And remember, its a heck of a lot harder on whoevers on the other side of the desk.
Jim Schell, co-author of Small Business for Dummies, offers advice to entrepreneurs on managing a small business in the free audio newsletter from Whats Working in Biz, http://www.whatsworking.biz/full_story.asp?ArtID=92.
About the Author
Small Business Tax Deduction - Write-Off Bad Debts Practically every small business has receivables that it cannot obtain from clients. If your small business doesn t have any such receivables, consider yourself lucky. For those small businesses that suffer from uncollected receivables, solace can be taken from the fact you can claim a tax deduction.
Bad Debt Tax Deduction
A small business can write-off bad debt losses if it meets nominal requirements. To claim such a tax deduction, the following must be shown:
A. The existence of a legal relationship between the small business and debtor;
B. The receivables are worthless; and
C. The smal ..
Richard Cunningham is a principal of Whats Working in Biz, http://www.whatsworking.biz, the audio marketing firm bringing voice to the insights of business experts through audio books, newsletters, and magazines.
Richard CunninghamFiring Underperforming Employees in Your Small Business
