8 Tips for Managing Staff Through Hard Times
When the economy sours, many entrepreneurs turn to board members and industry veterans for help. Which is fine. But Scott Cook, the founder of Intuit, the tax software company, says it also makes sense to spend time among the most junior members of your staff. "Expect your contributions to be led by your youngest employees," he says. "Seek them out. Make them your mentors. Get them into a room and ask them to lead in creating ways for your company and customers to benefit. Then, help them act on some of the ideas that emerge. Consider setting up your own in-house “science fairs” so employees can showcase their thinking."