A: I’m Angelina Neglia, and I am sitting here with Scott MacDonald, author of Saving Investa, How an Ex Factory Worker Helped Save an Iconic Australian Company. In the book, Scott shares 25 lessons learned from his long and successful career.
Lesson 6 is titled, “If you know a firm will not succeed ultimately, don’t stand around and wait for someone to turn off the lights.” What do you mean exactly, Scott?
S: Angie, when a firm is in trouble, employees almost always know this. If management is not keeping employees informed and sharing the plan to deal with challenges, it should be a warning. Be prepared for the worst, and don’t be surprised when the company fails. Better yet, find a new job before someone shows up and turns off the lights.
Check out all “25 Lessons Learned”.