Wednesday 1 May 2013
Many company leaders believe hiring the wrong employee is the biggest mistake they have made in business, a survey has revealed.
Research commissioned by Volkswagen drew attention to some of the most common errors of judgement, with making a pricing error and failing to take advantage of an opportunity also high on the list.
Other common mistakes cited by respondents were giving too much of a discount, sacking an employee, trusting a business partner, ignoring advice and investing in another enterprise that did not work.
A third of respondents said they had hired somebody inappropriate for a job at some point or other - often a friend or a relative.
Volkswagen spokesman Alex Smith said running a business is not easy and having the best staff working for you is critical.
“Training and investing in people will always pay dividends in the future but it’s hard to get decisions right every time," he stated.
“Even very successful business owners will have made a mistake at some point in the past. The key thing is to avoid repeating them.”
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