The Biggest Lesson My Wife Has Taught Me In Business

Summary

• Celebrate employees when they leave for a new opportunity as it fosters a safe and positive work environment.
• Encouraging openness and honesty leads to receiving the best data and the most innovative ideas from team members.
• Avoid punishing people for departing, which opens up space for those who might be dissatisfied or in the wrong role to find their fit.
• Allow employees to transition to roles they feel more suited for, giving them a trial period to prove their capabilities.
• Recognize that employees who feel respected and celebrated are more likely to refer new customers, assist in training successors, and even help recruit new talent.
• Maintain positive relationships with former employees as it could lead to beneficial business partnerships in the future.

Video

How To Take Action

I would suggest celebrating your team members when they move on to new opportunities. This makes them feel valued and keeps the vibes good at work. It shows everyone that it's cool to be honest and bring up big, wild ideas. When people feel safe, they give us the best stuff they've got.

If someone wants to leave, don't make it a big deal. It actually helps make room for folks who might be happier or do better in a different job. So, encourage them to try something new in the business that they think fits them better. Give them a little time, like three months, to show what they can do. It's like a test run. If it's not a great fit, no problem, we just switch back.

Remember, when you respect your people, they want to help out more. They might even bring new customers, teach the newbies, or find someone good to take over their job. They'll feel like they owe you one for being so cool about it.

And here's something cool: keeping it friendly with folks who used to work with you could mean teaming up on projects in the future. They might turn into business partners, and that's a big win. I've seen it happen and it's awesome.

So, the main idea is to be cool, be kind, and keep the doors open. It's good for business and good for everyone.

Quotes by Alex Hormozi

"Celebrate them for moving on in their career and applaud them for that move even if it hurts us"

– Alex Hormozi

"Continue to foster a safe environment for people to work so they feel like they can be honest"

– Alex Hormozi

"We get the best data and we get the best ideas because people are willing to float crazy ideas to us"

– Alex Hormozi

"Creates space for people who are dissatisfied or may be in the wrong role"

– Alex Hormozi

"Those people feel like they owe you one and they will send customers your way"

– Alex Hormozi

Full Transcript

she would applaud them on the way at the door she will celebrate them with the company I you not we do this celebrate them for moving on in their career and applaud them for that move even if it hurts us what I think that's is continue to Foster is one safe environment for people to work so they feel like they can be honest so we get the best data and we get the best ideas people are willing to float crazy ideas to us because they don't think they're going to get punished for it second because she has continued to not punish people for leaving she creates space for people who are dissatisfied or may be in the wrong role like we've had so many times we've had amazing employees who were like I just don't think I'm the best fit for this role but like I think I could do that really well and then they look at it and they're like you know what I think you could do that here's your Gap why don't you speed this up and let's look at at 12 weeks and let's give it a shot and if it doesn't work we'll spin you back cool and then people flourish and then also the person who does get Applause on the way out those people feel like they owe you one and they will send customers your way they will often times help you train up the next person they will help recruit for you and then long term if they do really well you might do business together and we've had every one of those incidents happen with people that have left our company