Whether it is new equipment, a sales trip, new employees or a new product development practice estimating how you think the investment will pay back.
This is not an excuse for more paperwork or controls, if it can’t be justified in a paragraph then it is probably not worth investing in it. Having a balanced discussion with your employees will help to set the right attitude towards spending money in your company, not that all expenses are going to be rejected out-of-hand but that expenses must help save time, save money, grow sales or grow profitability.
Tuesday, August 16, 2011
Tuesday, January 18, 2011
When I hear anyone talk about “work-life balance” I reach for a pink slip
Has anyone actually ever seen a pink slip?
People who are not obsessed with the company and the product should not be there.
Things are going to go wrong and as a start-up the only serious advantage you have (apart, we hope, from an innovative product) is that you can provide superior service because you are willing to pull out all the stops to fix problems, night or day, weekends, statutory holidays, family vacations, whenever.
If you have ever used the phrase work-life balance in a serious tone then do your spouses, partners, employees, and managers a favour and stay away from start-ups.
People who are not obsessed with the company and the product should not be there.
Things are going to go wrong and as a start-up the only serious advantage you have (apart, we hope, from an innovative product) is that you can provide superior service because you are willing to pull out all the stops to fix problems, night or day, weekends, statutory holidays, family vacations, whenever.
If you have ever used the phrase work-life balance in a serious tone then do your spouses, partners, employees, and managers a favour and stay away from start-ups.
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