When Todd Wiseman and business partner Milos Silver graduated from NYU's Tisch Film School in 2009, they knew they'd either have to work for somebody or work for themselves.
They chose the latter. And, with an investment of $1,500 each, Hayden 5 Media was born.
Hayden 5 Media, which creates web videos for companies, took off after online media boomed and every company seemingly wanted a web video to promote its business. Wiseman and Silver were able to build their brand with a low-cost, high-quality strategy -- cutting out bigger companies that were charging five times their fees.
They have come a long way from the days of scouring Craigslist ads for new customers; Hayden 5 Media is now regularly approached by large ad agencies and major record labels for their services. And they've quadrupled their gross revenues each year.
Firing an employee is never easy. But these horror stories teach the following: Always be polite and professional when giving an employee the boot. And if the person getting fired starts to lose it, duck.
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