How to Know When It’s Time to Let Go or Hold On to a Business Relationship

She Thinks Big

Are you thinking of letting go of someone on your team?

Many CEOs struggle with deciding whether it’s time to hold on to an independent contractor, employee, or anyone else they have a business relationship with. It can significantly impact you, your team, and your company. So you don’t want to make the decision lightly.

What do you need to consider when weighing that decision, though? You have certain tangible and intangible things to ruminate over that fall into a few categories that relate to performance, company dynamics, and more.

In this episode of She Thinks Big, you’ll learn about the things you need to ask yourself when you’re thinking of letting someone go. I’ll also reveal steps you can take to make the termination of the relationship as smooth and fair as possible.

3:31 - Three performance-related factors that can help you decide to let go or hold on

6:06 - Six ways that behavior or attitude might cause you to reconsider a business relationship

9:22 - Three ways someone you want to let go of could be in misalignment with your company culture and dynamic

12:13 - A couple of other factors that can lead to you needing to end a relationship

13:39 - What to do after you’ve decided to let someone on your team go
Mentioned In How to Know When It’s Time to Let Go or Hold On to a Business Relationship

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Chapter

1. How to Know When It’s Time to Let Go or Hold On to a Business Relationship (00:00:00)

2. Three performance-related factors that can help you decide to let go or hold on (00:05:15)

3. Six ways that behavior or attitude might cause you to reconsider a business relationship (00:07:50)

4. Three ways someone you want to let go of could be in misalignment with your company culture and dynamic (00:11:06)

5. A couple of other factors that can lead to you needing to end a relationship (00:13:57)

6. What to do after you’ve decided to let someone on your team go (00:15:23)