Mistakes NOT to make in a Down Economy

Managing is not easy when business is good, but it can be especially difficult when times are tough. Struggling to keep the business afloat, supervisors sometimes make assumptions about how they should manage that end up working against them. Here are a few common missteps managers make in a down economy:

• Thinking employees are just lucky to have their jobs
• Hiding bad news
• Blaming others for troubles.
• Asking for the impossible from your employees
• Creating bottlenecks in workload
• Playing it safe
• Postponing recruiting
• Forgetting to say 'thank you'

Finally, as you reconsider your management strategies, take into account your overall attitude about the business. If you look for opportunity in challenge, your staff is likely to do the same. Give your employees credit for being able to handle a downturn. They are your best defense and the only way you will meet the challenges you face. Making the workplace environment as positive as possible can help ensure your best performers stay with you when conditions begin to improve.