Create Jobs By Reducing Risk
The worst part of being a manager or business owner is letting people go. Consequently, employers are not going to hire new employees until they are confident that they have enough sales demand to prevent them from having to let them go in six months.
People are sitting on cash because they have no confidence. In order to increase confidence you must reduce risk.
Whether you are a consumer or business any time you chose to spend money you are taking on risk. Rishk that you will have a job or a sale in the future. That is economic risk. You also take a risk that you will perform. That is execution risk. Finally, you take the risk that the rules and laws will be consistent. That is legislative risk.
We have had a period where the economic risk is higher than normal. Coupled on top of that is the legislative risk. How much tax am I going to pay? What new regulations are going to be imposed? What are my health care costs in the future?
Any time you have such high risk in the business environment people are going to "sit on their hands" until things stabilize. We need to slow down the pace of change in order for consumers and the business community to feel confident enough to spend money that demands jobs!
You already know that winning depends in no small part on hiring people better than yourself. If you are a youngish entrepreneur or boss, that will entail hiring older and more experienced people, especially in top roles for your organization. Managing a colleague with ten or fifteen more years of experience than you can present unusual challenges of motivation, boundary-setting, and leadership. Here are some ways to get the most out of your hires and your collaboration with them. 





