Unequal Director Profit Contribution - How you can avoid a costly blow-out

Directors are the wheels of a business. Their leadership co-operation is vital to steer the vehicle to deliver solutions for their clients.

Trust and communication are the tyres that surround the Director wheel of your business.

Blow-outs at high speed can be fatal no matter the quality of the vehicle.

Tyre quality is critical... In business when trust blows up there is always a serious consequence! ?

Keeping trust and communication flowing is key for Directors and their businesses to thrive.

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Guess what is the biggest issues that blows up trust and causes many business partnerships to end badly?

Yes, unequal contribution. (You read the article title, good job!).

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Trust and communication issues really come to the fore when one partner feels the other is not pulling their weight but is still getting the reward as if they did.

Totally understandable. No one wants to lose out.

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Profit Contribution concerns can easily spiral out of control and become the trigger that blow tyres and cripple businesses. The statistics of the failure rate of businesses are not pretty. ?

Director Contribution is not an easy area to manage since there can be so many factors involved: – different responsibilities in the business (e.g. business support compared to sales and delivery), different divisions serving different markets, changing roles, growing business etc.

So how then can issues of fair contribution be addressed when circumstances have changed and Directors are not in agreement?

*????????Rush off to lawyers.

Nope, not encouraged as a first stop.

It will not usually result in more trust and relationship.

You may be proved right but it will be costly. Lawyers are important advisors but I do not recommend them as your first port of call.

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*????????My view is first try to build more common language and positive understanding

We have a tool that is perfect to bring in a new and fuller perspective that builds people up and empowers them to see things differently. ?(More about ?that amazing tool at the end of this article). ??????????????????????????

?Yes, you will usually need external help at this point. Like most people you have probably already tried everything you can think off and things have not improved.

?This is what a potential client recently said to me after I shared the power of an objective tool that helps bring a fuller and more positive understanding of each Director

?“This is a God send. I’ve been praying for a solution. I did not know what to do. I was thinking of resigning”. ?

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*????????Start wondering what positive insight and outcomes can come of this situation. Start by asking the question “I wonder how …” and start pondering.

This will immediately shift you to a different part of your brain that is not fight or flight. You will be energized and able to creatively see things more clearly and solutions will come that you had not seen before.

?This approach shifts us all out of defence, shame, and needing to be right to being open to receive a better way.

?This is an opportunity. I know it is a very tough process to go through but it can work out best for everyone in the business, if done right.

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*????????Get the support from a skilled business coach, communication expert, or Talent ROI expert like myself. Engage them and take the journey. We cannot guarantee the outcome but we can guarantee that the journey will be easier, more fun, and get the best posssible.

?Want to know more about how the proven Talent ROI Builder will facilitate better team-work, communication, higher staff retention, and long-term profits?

We go to the root of the problem so our clients get a much deeper understanding of themselves, understand their fellow Directors, communicate better, and confidently can optimize their teams.

?Reach out to me on [email protected]?