6

People

People can make your life magical or miserable. If it's magic you want, surround yourself with talented, confident, and resourceful people.

Your challenge is to find the right mix of people. The good news is that the Great Recession has been a blessing for small business owners. And, there are millions of talented people still out there looking for work.

Based on experience, I beseech you to be picky about hiring. Don't hire your nephew's son just because he needs a job. It's incredibly tough to get rid of a bad employee. If you don't follow the rules when it comes to terminating an employee, you may face a labor department complaint, or even worse, a lawsuit.

I've learned the hard way how to deal with employees. I hired my first employee ...

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