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Podcast: Investor Connect Podcast
Episode: Startup Funding Espresso – Managing Employees in a Turnaround
Description: Managing Employees in a Turnaround Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing. During a turnaround it’s important to maintain team morale and involve everyone in the process. Here are some key steps to managing the team. Make clear the need for the turnaround. Employees may not have visibility on the financials and don’t know how much the company is losing. They also may not know the situation with competitors or see changes in the market. Involve employees in the decision making. Gather feedback from the empl...