From MD to Entrepreneur with Dr. Pranay Parikh

Thank you for listening to FROM MD To Entrepreneur PodcastTune in every Wednesday, 5 AM PST. Follow Us on our socialsInstagram - https://www.instagram.com/frommdpodcast/LinkedIn - https://www.linkedin.com/company/from-md-to-entrepreneur/Website - https://www.frommd.com/episodes/

When firing someone, it's essential that you handle the situation with respect and dignity. It should also be done professionally, allowing them to maintain their self-respect and dignity. This means having clear communication about why they are being let go, offering assistance during their transition period, and providing a respectful termination process for all parties involved. Join this conversation with Wendy Sellers and learn how and why it is important to lay off an employee humanely, as this will help them move on from the situation and succeed in the future.Wendy Sellers, known as “The HR Lady,” is an involved business partner, educator, and HR consultant who strives to understand your current culture and desired culture and then helps you build HR policy and practices, management training, and tools around your unique environment and goals. Recruiting is an additional service offered. She is a thought leader, keynote speaker, trainer, consultant, advisor, and author. She has over 25 years of experience in HR operations in a wide variety of industries. In this podcast episode, we talk all about best practices in running a business. We also do a deep dive on how to lay off or fire someone in a way that they will not hate you for life and potentially even send you great referrals in the future.Key Highlights from the Show[00:01] Episode intro and a quick bio of the guest, Wendy Sellers[04:45] How Wendy got to be an HR lady and started her consulting business[07:01] What is really human resource[09:26] One of Wendy’s worst experiences as an HR[12:23] Questions you can ask a company to get a glimpse of its culture[14:39] How startups can build a culture that attracts and retains the right people[20:09] The process of respectfully firing an employee[25:09] Should you lay off a well-performing employee on the basis of cutting costs?[27:49] Wendy’s thoughts on Severance pay and the best ways to utilize it in your business[32:33] Wendy’s strategies for letting go of a C-level performer in the business[35:52] Best business practices from high-achieving companies to borrow[39:56] Resources that can help you apt your management skills[42:10] What Wendy wishes to have put more resources into when starting herentrepreneurship journey[43:55] Best ways to reach out and connect with Wendy SellersNotable Quotes● HR people should help an organization from hiring to retirement and everything inbetween. [08:37]● Always communicate in your business and let the employees know your plans. If youkeep quiet and it becomes a rumor, the good people will leave to look for better jobs.[20:33]● Never lay off a well-performing and highly-paid employee in your team on the basis of you cutting the cost. It will backfire on you. [25:17]● The more you help an employee who you have laid off and the more flexible you are with them, the nicer they are going to be to you. This means they will not sue you. In fact, they will come back to you or refer other people to you. [32:20]Get Wendy’s Books1. Business and HR Management Books: https://thehrlady.com/authorConnect With Wendy SellersWebsite: https://thehrlady.com/LinkedIn: https://www.linkedin.com/company/thehrladyInstagram: https://www.instagram.com/thehrladyllcFacebook: https://www.facebook.com/3Thank you for listening to FROM MD To Entrepreneur PodcastTune in every Wednesday, 5 AM PST. Follow Us on our socialsInstagram - https://www.instagram.com/frommdpodcast/LinkedIn - https://www.linkedin.com/company/from-md-to-entrepreneur/Website - https://www.frommd.com/episodes/

Thank you for listening to FROM MD To Entrepreneur PodcastTune in every Wednesday, 5 AM PST. Follow Us on our socialsInstagram - https://www.instagram.com/frommdpodcast/LinkedIn - https://www.linkedin.com/company/from-md-to-entrepreneur/Website - https://www.frommd.com/episodes/

Thank you for listening to FROM MD To Entrepreneur PodcastTune in every Wednesday, 5 AM PST. Follow Us on our socialsInstagram - https://www.instagram.com/frommdpodcast/LinkedIn - https://www.linkedin.com/company/from-md-to-entrepreneur/Website - https://www.frommd.com/episodes/

Thank you for listening to FROM MD To Entrepreneur PodcastTune in every Wednesday, 5 AM PST. Follow Us on our socialsInstagram - https://www.instagram.com/frommdpodcast/LinkedIn - https://www.linkedin.com/company/from-md-to-entrepreneur/Website - https://www.frommd.com/episodes/

Thank you for listening to FROM MD To Entrepreneur PodcastTune in every Wednesday, 5 AM PST. Follow Us on our socialsInstagram - https://www.instagram.com/frommdpodcast/LinkedIn - https://www.linkedin.com/company/from-md-to-entrepreneur/Website - https://www.frommd.com/episodes/

Thank you for listening to FROM MD To Entrepreneur PodcastTune in every Wednesday, 5 AM PST. Follow Us on our socialsInstagram - https://www.instagram.com/frommdpodcast/LinkedIn - https://www.linkedin.com/company/from-md-to-entrepreneur/Website - https://www.frommd.com/episodes/

Thank you for listening to FROM MD To Entrepreneur PodcastTune in every Wednesday, 5 AM PST. Follow Us on our socialsInstagram - https://www.instagram.com/frommdpodcast/LinkedIn - https://www.linkedin.com/company/from-md-to-entrepreneur/Website - https://www.frommd.com/episodes/

Thank you for listening to FROM MD To Entrepreneur PodcastTune in every Wednesday, 5 AM PST. Follow Us on our socialsInstagram - https://www.instagram.com/frommdpodcast/LinkedIn - https://www.linkedin.com/company/from-md-to-entrepreneur/Website - https://www.frommd.com/episodes/

Good communication is clarity of thought in a way that is understood. However, that is not always the case in business or relationships. People just talk and never communicate. Communication must clearly convey a message so that it is not misinterpreted because that is what makes the fabric of effective marketing in a business. As we know, where there is no marketing, there are no sales, and a business that does not make a sale is headed for failure. Everything begins with communication, and that is why it is a mandatory skill for all entrepreneurs. Mark Harvenner, a communication and marketing strategist, joins us in this episode to share tips and insights on this subject matter. Mark Havenner is a marketing and communication strategist specializing in brand and executive thought leadership, strategic content development, and corporate communications strategies. He's more than 20 years of experience aligning messages and business goals and developing many communication vehicles and message strategies for many clients.In this podcast episode, we will talk about messaging, branding, and how to align what you say with what you want to do.Key Highlights from the Show[00:00] Episode intro and a quick bio of the guest, Mark Havenner[01:51] Mark’s backstory and his entrepreneurial journey[02:45] What is good communication, according to Mark[03:46] How his background in marketing translated his focus into communication[05:09] How Mark would help an ambitious consultant or coach talk to the market[07:06] How to niche down to your ideal market[13:20] The layers of effective communication[16:55] Become a person of value and not a commodity[20:57] Ways to stand out and say who you are and what you do to your audience[34:13] What Mark wishes to have spent more money & time when starting entrepreneurship[34:45] Best places to reach out and connect with MarkNotable Quotes Good communication is clarity of thought. You must communicate in a way that is understood. [02:45]Communication is about talking to the public, while marketing is trying to sell something to them. [04:18]Niches or segments that are smaller are better as long as they are deep [07:19]The key to effective communication is empathy. [13:20]No one wants to be a commodity. You can avoid this by providing value above and beyond what you do. [17:44]Thank you for listening to FROM MD To Entrepreneur PodcastTune in every Wednesday, 5 AM PST. Follow Us on our socialsInstagram - https://www.instagram.com/frommdpodcast/LinkedIn - https://www.linkedin.com/company/from-md-to-entrepreneur/Website - https://www.frommd.com/episodes/