Do Your Employees Have a Career Path?
In our latest podcast episode, the owners discuss the benefits of giving employees the opportunity to try new things and grow.
Good Morning!
Here are today’s highlights:
A family business goes to court over whether a brother was forced out of the business fraudulently.
Her toy products are made in China. And her husband is a soybean farmer.
The Trump administration has eliminated the entire staff of the CDFI Fund, which helps finance small businesses.
On Dashboard, Ted Wolf explains how to use ChatGPT to do an instant SWOT analysis comparing your business’s performance with your competitor’s.
THE 21 HATS PODCAST
Your Employees Want a Career Path. Can You Keep Them? This week, David C. Barnett, Jay Goltz, and Kate Morgan wrestle with one of the trickiest challenges for business owners: how to give employees room to grow without losing sight of the company’s mission. David points out that every business is on its way to obsolescence unless it deliberately evolves—and one way to do that, he says, is by letting employees experiment and try new things. That approach, Jay says, is exactly what led to his building a furniture business. Plus: Kate and Jay agree that while many aspects of running a business can be stressful, nothing has been more stressful for them than the period when their businesses were growing the fastest. And the owners react to a Reddit post from someone who has found that hiring employees has created more problems than it has solved. “Is this just what having employees is like?” the owner writes. “Please tell me I’m not the only one losing my mind.”
You can subscribe to the 21 Hats Podcast wherever you get podcasts.
