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2 Ways to Kill Your Business Tomorrow

By August 24, 2012June 5th, 2021Technology News

There are tons of rules that “go without saying”. The unwritten rules of owning a company an sometimes make the different between winning over a client and losing one. However, sometimes an organization will “miss the memo” and will suffer because they’re not following a specific unwritten rule. This can cause absolute chaos and sometimes can kill a business before it even has a chance to flourish. Here is a pair of rules that you should avoid.

Promoting Employees that are Doing Well in Their Current Roles

You hired a sales representative a few months ago, and they have been nothing but useful. They are outperforming the rest of the department without even lifting a finger, and you’re nothing but impressed. You decide that they’re doing such a good job, they should be in a position to teach the rest of the department how to do their jobs more efficiently, so you promote them to a manager.

Nothing could be less encouraging. A good sales rep does not necessarily make the perfect manager. Both jobs require a different set of skills completely. You may find yourself facing a situation where your best sales rep makes the worst manager and your company starts to lose money. Instead, give your sales rep a raise and let them work in the position they’re best at fulfilling.

It’s All about Cash

For many years, business owners figured out their year’s success based on financial statements. They ignored the number of clients, customer satisfaction, and employee performance. How much money did the company make defined whether the business as a success or a failure.

While money is important and you should be focusing some effort on maintaining steady revenue, it alone does not fill in the large shoes of success. If you have high customer satisfaction ratings, that is something you can use to your advantage. Measure success based on the overall picture, not just the bottom line.

 

Jason Manteiga

Jason Manteiga

Jason J. Manteiga, Vice President of Olmec Systems, has been part of the company for over the past 20 years. He believes that having a great work environment and supportive team, is the ultimate key to success. Since being in the IT realm for over 25 years, Jason, along with Olmec Systems, has been on the Inc. 5000 “List of America’s Fastest Growing Private Companies” and Channel Futures MSP 501 “Top Managed Service Providers in North America,” along with other awards and nominations. Jason earned his Bachelor Degree in Information Systems from the New Jersey Institute of Technology. He also holds certifications in Microsoft MCSE, VMWare VCP, and Cisco CCNA. In his spare time, Jason is a contributor for The Center for Social & Legal Research (Privacy Exchange) and a member of the Morris County Chamber of Commerce. His hobbies include cycling and kayaking. He currently lives in New Jersey with his wife, two daughters and son.

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