MBA2722 Who Do You Need To Fire Next?
Episode
13 min
Read time
2 min
Topics
Investing, Fundraising & VC, Software Development
AI-Generated Summary
Key Takeaways
- ✓Performance evaluation framework: Ask four questions about each team member: Do they meet role standards consistently? Are they improving? Are they aligned with company future? Would you enthusiastically rehire them today?
- ✓Ninety day improvement plan: Before firing, provide clear feedback on shortcomings, create a ninety day improvement path with specific support, and explain consequences. Nine out of ten won't improve, but one will surprise you.
- ✓Protecting top talent: High performers notice who carries the load and who underperforms. Keeping underperformers demotivates your best people because they see subpar work being rewarded with job security they didn't earn.
What It Covers
Omar Zenholm explains when and how to fire team members as your business grows, protecting top performers and maintaining excellence standards across your organization.
Key Questions Answered
- •Performance evaluation framework: Ask four questions about each team member: Do they meet role standards consistently? Are they improving? Are they aligned with company future? Would you enthusiastically rehire them today?
- •Ninety day improvement plan: Before firing, provide clear feedback on shortcomings, create a ninety day improvement path with specific support, and explain consequences. Nine out of ten won't improve, but one will surprise you.
- •Protecting top talent: High performers notice who carries the load and who underperforms. Keeping underperformers demotivates your best people because they see subpar work being rewarded with job security they didn't earn.
Notable Moment
After finally firing a high level team member following delayed conversations, the person sighed with relief and thanked him, admitting they needed the change and felt the misalignment too.
Episode Transcript
Who do you fire next? I know that sounds harsh, but once your team hits five or more people, including yourself, this becomes one of the most important questions you can ask yourself as a leader. Because the truth is, not everyone you hire will grow with your company. And if you're avoiding that reality, you're not avoiding pain. You're delaying a disaster. Today, I'm gonna get into the uncomfortable truth about firing and how it actually is an act of leadership. Welcome back to the $100 MBA show. I'm your host, Omar Zenholm, where I deliver practical business lessons three times a week, Monday, Wednesday, and Friday to help you start, grow, and scale your business. We read every single review. Seriously, it's how we know what's helping and what to dive deeper in on the next episode. So if you got twenty seconds, leave a quick review and tell me what you want more of. I'd love to hear from you. The first lesson I wanna share with you in over twenty years of building teams is that not everybody's gonna grow with you. When you're small, when you're starting out, you're hiring based on immediate needs. You hire someone so that they can do a job that you need to do right now. But as your company grows, as your product improves, as your goals expand, as your standards start to rise, you need more from people that you've hired. And the cool thing is that some people rise with you, but some people don't. And it doesn't make them bad people. It doesn't make you a bad leader or a bad person. It just means the journey is taking a turn and they're not prepared for it. The company is growing. I've seen this so many times in my businesses where we're growing, we're changing, we're evolving, but somebody on the team is not. And that's a problem. There's a misalignment here. The next thing I wanna share with you is the elephant in the room. I fired a lot of people over the years. Developers, designers, marketers, customer support staff, even people I care deeply about, and it's never easy. It never once was easy. Every single time, it's gut wrenching. At least it was for me. But here's what I learned. Firing someone is often the most responsible thing you can do. Now, we have to remember that you are not an individual anymore when you start a business. You are the leader of the company. You have a responsibility to the company, to the business, to your customers and your team and the person you're firing. Yes, this is gonna make total sense and I know that sounds a little bit like HR jargon. No. Keeping someone longer than they should be on the team really does a lot of damage. People that are just not making the cut anymore, they slow down progress, they lower the standards of everything that's happening in …
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