Dr. Jerry Katz featured in Realtor Mag
Dr. Jerry Katz was recently featured in Realtor Mag discussing the importance of real estate brokerages making the appropriate hire to support fiscal stability.
Dr. Katz shared the following perspective with reporter Maggie Sieger, “A problem many entrepreneurs fall into is bad hires,” says Jerome Katz, professor of entrepreneurship and director of the Billiken Angel Network, an investment group at Saint Louis University.
A bad hire can drain morale – and be a drag on cash flow. But so can pink slipping someone. “It’s really noticeable when you get rid of someone when there’s only five or 10 employees,” Katz says. “The question is, ‘How much time and counseling do you put into remedying the situation before you pull the plug?’”
Making the decision to fire someone can be wrenching. But doing nothing can be even worse. “Someone who is not really contributing can create problems if you do nothing, especially in a small office,” Katz says.
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