Leadership coach Christine Comaford talks about the four massive mistakes leaders make during economic downturns.
First on the list is hasty hiring, which results in bad hires that are costly and time consuming. Another mistake that takes a lot of time is pursuing “prospects” who will not become clients, and chasing all sales leads.
Equally important is keeping track and managing ahead. Don’t skip on a six-month plan, and play close attention to your profit.
Inc. has the full story.