Few startups have achieved success without failures. The Oyo story is no different and he is what its management, employees, investors and partners can do. Entrepreneur K Ganesha shares a few ideas:
1. Communicate clearly and unambiguously.
2. Don’t couch the communication in euphemisms.
3. Don’t blame the employees or non-performance.
4. Think ahead!
5. Be fair. Ensure, at the minimum, that the contractual obligations of the notice period, severance pay, leave encashment, etc are met fully.