Warning Signs that It’s Time for Layoffs at Your Small Business

No small business owner wants to lay off employees. Still, sometimes it’s necessary if you’re going to stay in business. The Intuit Inner Circle Blog had a post last week examining some signs that it might be time to call the audible and make some tough choices.

Here are the reasons they give:

  1. Your expenses are greater than revenues, and it doesn’t look like it’s going to change soon.
  2. Some employee skills aren’t a critical part of your operations. This happens as your business changes. It’s unfortunately inevitable in many businesses.
  3. Your customer base is shrinking by a large percentage. This, of course, leads to #1.
  4. Employees aren’t meeting their goals and milestones. Poor performance means it’s time to let them go.
Bernard Roesch About Bernard Roesch

Bernard Roesch is co-founder and Managing Partner of Mission Consulting. Bernard’s background in the early years of his career was spent in the manufacturing sector, making his QuickBooks perspective a unique one – he understands the intricacies of a complex environment and then applies his strategic skills accordingly.