Although Jack Welch consistently tops the lists of most admired business leaders. he hardly seems like the man to turn to for advice on planning your wedding. After all, he is on wife number three. Yet I was intrigued by a column he recently wrote for Business Week (ironically, co-authored by his current wife Suzy Welch, formerly the "other woman" when he was married to wife number two.)
The column was about bad hiring decisions and how important it is to act quickly when things go sour. It is the same with your vendors. Perhaps a friend told you how great this florist is, and you were dazzled by their work. You signed a contract. But now, you think you made a mistake. Understandably, you want to change, but if you do so you will lose your deposit.
Move on. It is just like the bad hire that you hope will turn around but never does. It sucks, but cut your losses. You will be so happy you did. And so very unhappy if you don't.
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