The Cash Flow Contractor

Struggling with letting go of underperforming employees? Dive into the emotional and financial complexities of letting go and learn about the importance of hiring slowly and firing quickly. Tune in!

Time Stamps
  • 00:23 - Episode Intro
  • 01:21 - The Human Side of Firing
  • 04:01 - The Impact of Personal Relationships on Decision-Making
  • 06:02 - Objective Metrics vs. Subjective Feelings in Firing Decisions
  • 08:23 - The Importance of Core Behaviors and Objective Evaluation
  • 15:33 - The Business Impact of Removing Underperforming Employees
  • 20:02 - Making the Uncomfortable Decision for Business Health
  • 22:12 - Building a Winning Team Culture
  • 23:46 - Hiring Slowly, Firing Quickly
  • 25:43 - Episode Outro

Quotable Moments from the Episode
  • "When you're firing somebody, you're telling them they're no good. They don't measure up. And people don't want to do that to people.” - Martin Holland
  • “Your profit or loss is pretty much tied up in how well your labor does. Everything else matters, but labor is the one where you get it right and it goes well, get it wrong and it blows everything up.” - Martin Holland
  • “It's okay to let go of a great person if it means a healthy business, in my opinion. - Khalil Benalioulhaj

Resources

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What is The Cash Flow Contractor?

If you’re like most contractors we know, then you started your business because you’re passionate about and great at your craft. You also wanted to be your own boss. Owning a business has a lot of advantages, but also a lot of challenges.

We started this podcast to talk about things that matter to you as an owner, like business fundamentals, sales processes, marketing, leadership, and much more. Armed with knowledge, you’ll be able to reach your goals, whether that’s growth, getting your shop to run without you, or anything in between.