The difference between inexperienced and experienced business owners often shows up in one key area: how quickly they make tough personnel decisions.
Inexperienced business owners: hires someone they think will be great, notices a handful of red flags quickly, screws up basic things, doesn’t have the right attitude, but they keep them for a few months hoping for change.
Experienced business owner: fires that person in the first month.
In our peer groups I’ve seen this happen a bunch. And for some reason, that person that should’ve been fired always manages to damage a company vehicle or a client’s property (unintentionally).
The lesson is clear: when red flags appear early, experienced owners act fast.
The cost of waiting almost always exceeds the discomfort of making a quick decision.
Stop hoping for change and start making the tough calls your business needs.
