Don Todrin 'Downsizing Mistakes'

The Six Biggest Downsizing Mistakes

 

Mistake 1) Underestimating the severity and length of an  economic downturn.

 

Mistake 2) Implementing across the board cuts.

 

Mistake 3) Communicating too infrequently.

 

Mistake 4) Insensitive layoff procedures.

 

Mistake 5) Hoarding Inventory.

 

Mistake 6) Failing to demonstrate how cost cutting hurts you more than it does your employees.

 

Downsizing was not in the 2009-2010 year plan for most small business owners.  No one predicted -or could have prepared for- what has happened to your economy.  And certainly no individual small business owner can be held responsible for their company's business downturn -and any attendant need to consider 'downsizing'- in an economic situation completely outside of their control.

 

In today's live broad cast Don will explore in detail the half dozen most common stumbling blocks to consider in any downsizing plan.