Cut Deep, It Hurts Less

For those of you that may be laying off employees over the coming months, John Mackey, Whole Foods, recommends in the current issue of Inc, that when you lay people off, you make the cuts deep enough so that you won’t have to do it again soon. Your employees will forgive you one round of layoffs, but if you do it a second time you will lose their trust as people start thinking, My God, when am I going to lose my job? Makes sense. Go to http://www.inc.com/magazine/20090101/the-ultimate-business-tune-up-for-times-like-these.html#Graham to find 22 additional entrepreneurial tips and tricks to making it through tough times.