Mistakes Business Owners Make

Posted On: 2006-03-07Length: 60:00

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Well hello, and welcome to the show. I'm Anita Campbell, your host of Small Business Trends radio, and I am so glad you could join us today. The topic of today's show is "The Top 10 Mistakes Small Business Owners make with their Employees." Jack Yoest, a management consultant, is our featured guest today. And I'll be introducing Jack in just a few minutes from now. Jack's gong to bring an interesting spin to this topic of management. He's going to be using military examples to make business sense about managing your business. And that includes managing your employees, and also how to get the best from them.

But first, we have Today's Trend segment. This is the segment that we do in every show. And Today's Trend is about the trend toward Life Work balance. Now we've heard a lot about the death of corporate loyalty over the past two, three decades. That's led to considerable interest from former corporate employees, those that I call corporate refugees, like myself, in starting or owning a business. And most of us corporate refugees are looking at starting or owning a business as a path towards self-sufficiency. But there's another outgrowth of this idea that the corporation is not going to be there for you forever.

And the other outgrowth is the impact on our attitudes in the workplace as employees. You see there's an attitudinal shift going on among young people today. Business owners and executives I talk with say their younger employees, the 20 somethings, have a tendency to think of their jobs as easy come easy go. The concept of a long-term career with one company is not something most of them expect, nor do they want it. And you may have encountered this attitude with some of your own employees, even. Now one of the most significant shifts over the past decade is that people increasingly want, I would actually say they demand, work arrangements that allow them to maintain a balance between life and work. The Herman Trend Group has chronicled the distinct movement the past 10 years away from demanding more financial compensation and toward better life work balance instead. And notice I said life...