Business Education

Why NFL Teams Can’t Run the Pinkerton Play and Neither Can Your Small Business

Super Bowl LIX will pit the Kansas City Chiefs against the Philadelphia Eagles. During the game, both teams will vie to out strategize their opponent. Undoubtedly, there will be internecine struggles–and those internal conflicts will test their ability to operate and execute as a cohesive team.

Professional sports teams routinely face internal conflicts that test their cohesion and performance. Throughout the NFL season, many organizations struggle with discord between players, coaches, and management, impacting their success on the field.

Modern sports franchises handle personnel changes through established procedures, but this wasn’t always true in American business. Historically, labor disputes often turned violent, with companies hiring agencies like the Pinkerton Company to end worker protests or replace entire workforces forcefully.

While today’s labor relations are more sophisticated and regulated, tension between management decisions and worker interests persists across industries, including the NFL, one of America’s largest business enterprises.

This begs the question, “How do modern businesses deal with extreme employee pushback against controversial decisions?” Well, they certainly can’t return to the days of old and run the Pinkerton Play. So, just how do companies deal with decisions employees truly dislike or even hate?

Handling Employee Blowback: Navigating Unpopular Decisions & Preventing Mass Exits

Unpopular decisions in business can create significant tension, leading to employee blowback. When morale dips, productivity can plummet, and turnover costs can skyrocket. Navigating these tough waters is crucial for maintaining a healthy workplace.

The Impact of Employee Morale on Business Success

Employees are the backbone of any organization. When morale is high, productivity increases, and so does overall satisfaction. Conversely, low morale can result in a toxic work environment, which not only affects the bottom line but also the company’s reputation.

Statistics on Employee Turnover and Its Associated Costs

The average cost of replacing an employee can range from six months to two years of the employee’s salary.
According to the Work Institute, 77% of employee turnover is preventable.
Companies with engaged employees see 21% higher profitability.

Unpopular decisions are often necessary for long-term success. Whether it’s restructuring, layoffs, or changes to benefits, business owners must sometimes make choices that won’t sit well with everyone.

Understanding the Root Causes of Employee Resistance

Knowing why employees resist can help address their concerns. Common issues include fear of job loss, dissatisfaction with changes in roles, or dissatisfaction with new policies. Often, misunderstandings arise due to poor communication. If employees don’t understand the reasoning behind a decision, resentment can grow. Moreover, fear thrives on uncertainty. When employees feel insecure about their jobs, it can lead to blowback. Addressing these fears directly is key to overcoming resistance.

Strategies for Effective Communication During Difficult Times

Embrace transparency and open dialogue. Being open about the reasons behind decisions can promote understanding. Clearly share your vision and the expected outcomes.
Actively listen and address concerns empathetically. Make it a point to listen to employee concerns. Showing emotional intelligence breeds trust and can ease tensions.
Utilize various communication channels effectively. Use emails, team meetings, and one-on-ones to convey your message. Different channels reach different audiences, so consider the best ways to engage your team.

Mitigating the Risk of Employee Departures

Offer support and resources to employees. Help employees feel secure by providing necessary resources. Whether that’s career counseling or mental health support, demonstrating care makes a difference.
Implement fair and transparent compensation and benefits structures. Fair pay and transparent benefits can help retain employees. When workers feel valued, they’re less likely to leave.
Create a positive and supportive work environment. Foster a workplace where employees feel seen and appreciated. Recognition goes a long way in maintaining morale.

Addressing Threats of Resignation Directly and Professionally

Set aside time to openly discuss their concerns. Understanding their feelings can help find mutually beneficial solutions.
Use negotiation techniques to address concerns and find solutions. Focus on win-win situations. If employees feel like their needs are met, they are more likely to remain committed.
Develop a plan to manage potential departures. Create a system to handle potential resignations. This could include exit interviews or alternative dispute resolutions to understand underlying issues.

Preventing Future Pushback: Proactive Measures

Develop a culture of open communication and feedback. Encourage regular feedback and ensure employees feel heard. This can prevent misunderstandings and build trust.
Create a strong employee value proposition. Define what makes your company desirable to work for. A strong value proposition highlights the benefits employees receive, beyond just salary.
Regularly assess employee satisfaction and morale. Conduct surveys to gauge employee happiness. Knowing where issues lie can help address them before they escalate.

Turning Challenges into Opportunities

Navigating unpopular decisions doesn’t have to lead to chaos. By employing transparent communication and actively engaging with employees, businesses can turn potential blowback into an opportunity for growth.

Key takeaways include the importance of open communication and addressing employee concerns head-on. Implementing the strategies discussed not only mitigates current issues but also fosters long-term loyalty and satisfaction among the workforce. Maintaining a resilient and engaged team will ultimately result in a thriving business environment.

For further insights on improving workplace dynamics, stay engaged with your employees and consider their perspectives in decision-making.

Want to Accomplish More?

Do you want your company to grow faster and earn more while you spend more time with your family doing all the things you started your business to do?

We can make that dream a reality. Give us 30 minutes and we will show you how to get your life back. Skeptical? Good! Put us to the test.

You can call us for your free appointment at 480-210-9536, or, if you prefer, send us an email. You can also visit us at Waters Business Consulting Group to learn more about us and the services we offer.

Like this article?

Is Your Business Really Ready to Expand in the Coming New Year

January 7, 2020 No Comments

Is your business really ready to expand in the coming new year? Although the question seems complicated, it’s not too difficult to answer. Just four key factors can quickly help you determine if you’re ready to expand your business. And, perhaps more importantly, if your company is ready to expand. What it Really Means to Expand a Business Business owners often think about two elements when it comes to expansion — output and sales. Of course, it’s not that simple. However, these are two very important parts of the overall equation. Nonetheless, what it really means to expand a business is to take on a whole new level of responsibility. Even thinking about growing your business is exciting. Expansion means more products or services, customers, sales, and income for you. And, for businesses with physical locations, expansion might mean opening a bigger or second location. Before you rush into expanding your small business, you need to make sure your company is actually ready for growth. Your recent business success isn’t the only thing you should look at. —Forbes.com It also means the business having to respond to a new level of production while not losing it’s nimbleness or its personalized customer service. After all, if it can’t do the latter two — stay agile and maintain customer care quality — it will hurt the company greatly. 4 Signs It’s Time to Expand Your Business So, just what are the signs that it’s time to expand a business? Well, it comes down to only a select group of factors, which include the following: You have too much business. Time and again, you’re falling behind because you simply lack the resources to get all the work done. You’ve streamlined every single solitary step along the way and still, you’re not able to adequately keep up. Worse yet, it’s starting to show itself to customers. Too much work and too few resources to get it done in a timely manner. You have a strong team in-place. Your team members are your secret sauce. Without them, you’d really be in big trouble. Fortunately, they’re able to pull off magnificent feats over and over again. Well, that’s not only good news for the present, but really good for a future expansion. You have the money to expand. Expanding usually means incurring significant expenses. But, if you have some retained earnings saved and a strong forecast for the next several months, you probably can afford to expand your operation. You have a plan to upscale your operation. While the first three elements are absolutely critical, this is perhaps the most important of all because it will define your way forward. (It’s also where winging it just won’t cut it.) So, take the time to consult an experienced business consultant and coach. Someone who has helped companies grow before. Work together to formulate an actionable expansion plan. What other advice would you give business owners who want to know if it’s time to expand? Please share your thoughts and experiences by commenting! Interested in learning more about business? Then just visit Waters Business Consulting Group.

How to Push Forward Starting a New Business when Few People Believe You can Make It

March 15, 2023 No Comments

Entrepreneurship is a journey that is full of challenges, and it is not uncommon for entrepreneurs to experience moments of self-doubt and a lack of motivation. However, it becomes even more challenging when the people around them are negative and tell them that they cannot succeed. How Entrepreneurs can Stay Motivated and Focused Even when People Around them Say they Can’t Succeed Negativity can weigh heavily on an entrepreneur’s mind – leading to a lack of focus and plenty of unnecessary second-guessing. So, let’s go ahead and discuss some strategies that entrepreneurs can use to stay motivated and focused even when the people around them are saying they can’t succeed. Believe in Yourself The first and most important thing is to believe in yourself. You must have confidence in your abilities and trust that you are capable of achieving your goals. If you don’t believe in yourself, it will be difficult for you to stay motivated and focused when others doubt you. Surround Yourself with Positive People Surrounding yourself with positive people who believe in you and your vision is essential. Negative people can bring you down and sap your energy. Seek out individuals who are supportive and can offer encouragement and constructive feedback. Focus on Your Vision Stay focused on your vision and goals, and don’t allow others to deter you from your path. (This isn’t easy because we all have self-doubts and are unavoidably influenced by the opinions of others – particularly the people closest to us.) Entrepreneurs have to make a lot of tough choices each day and it can take a toll. Throughout the rest of the day, though, they tend to limit decision-making to keep things simple. It’s a great tool for motivating entrepreneurs because it keeps them sharp when their abilities are needed elsewhere. —Inc.cdom Remember that success often comes after a series of failures and setbacks, so stay the course and remain committed to your vision. If you can put failures in perspective, you’ll have a much better chance of persevering when things don’t go right. Celebrate Small Wins Entrepreneurship is a journey, and it is essential to celebrate small wins along the way. Recognize the progress you’ve made, no matter how small, and use it as motivation to continue working towards your goals. Take Breaks and Practice Self-Care Running a business can be overwhelming, and it’s crucial to take breaks and practice self-care. Take time for yourself and do activities that bring you joy and help you relax. This will help you stay on task and keep your drive to succeed healthy in the long run. Keep Learning and Growing Entrepreneurship is a continuous learning process, and it’s essential to consistently grow and develop your skills. Attend seminars, conferences, and networking events to learn from other entrepreneurs and industry leaders. This will help you stay motivated and focused as you work towards your goals. Embrace Failure Finally, it’s essential to embrace failure as part of the learning process. Every entrepreneur has failed at some point, but what sets successful entrepreneurs apart is their ability to learn from their failures and use them as motivation to keep pushing forward. Summing it all up, staying motivated and focused as an entrepreneur can be challenging, especially when others doubt your ability to succeed. However, by believing in yourself, surrounding yourself with positive people, focusing on your vision, celebrating small wins, taking breaks and practicing self-care, keep learning and growing, and embracing failure, you can stay motivated and focused on your path to success. What other strategies and/or attitudes would you add to this list? Please, take a few minutes to share your own thoughts and experiences so others can benefit from your perspective! Interested in learning more about business? Then just visit Waters Business Consulting Group.

Startup Financing Tips You Can Use

November 14, 2017 No Comments

Startup financing is something that’s necessary but not always a welcome prospect. In fact, financing is typically one of the most difficult factors in any venture. It’s because raising money or applying for a loan is an unnerving process. After all, you don’t know what you don’t know. And, it’s that very ignorance which creates even more stress. But, with the right preparation, you can find the right startup financing. Startup Financing Sources Right now, there are good and bad signs in the economy. While tech companies are booming, retail chains are down. Of course, this is the natural cycle of the business world. So, don’t let headlines ruin your business dreams. Instead, focus on possible startup financing sources. Take a good look at what you really need first. If possible, bootstrap it incrementally. In other words, start off as a side gig. …for an entrepreneur starting out, it can be hard to sort through the many funding options available to determine which are most lucrative. While it would be ideal to line a roomful of investors out and let them fight it out for the honor of funding your business, that is often, unfortunately, not the reality. —Forbes.com If you don’t jump into full-time, you can grow it slowly. That means very little startup capital, as well as time. But, if you need to go another route, consider going through the small business administration. Or, take out a small personal loan. Obviously, if you have the cash, use it. Startup Financing Tips You can Use The problem many entrepreneurs encounter with startup financing, is taking a cavalier, shotgun approach. Put another way, they go after funding without a serious plan. And, that’s a recipe for disaster. Just trying to wing it will only invite chaos and confusion. So, here are some helpful startup financing tips you can use: Create a detailed business plan. Speak with an experienced business consultant about drafting a detailed business plan. This will reveal many things you might easily miss. Plus, it’s typically a commercial loan requirement. You need a clear roadmap and demonstrate your ability to monetize your idea. Seek advice from established businesses. Chances are excellent there are already people doing what you want. So, don’t let that be an intimidation or just look at them as the dreaded competition. Instead, seek out their advice and learn. Keep an eye on your personal credit score. If you do apply for a loan, your personal credit file will certainly be a big factor. Order your three credit files from Annual Credit Report.com. Then, go through each carefully to review for errors. Dispute inaccuracies and raise your credit score. Develop a good network with the right people. Networking is an invaluable resource. In fact, you’ll learn quite a lot from others. And, since that knowledge is readily available, there’s no reason not to tap into it. Outline a realistic budget and shop for financing. Finally, set a realistic budget and then shop for funding. Comparison shop and take your time. You’ll come out much better if you do and be thankful for your patience. What other startup financing options can you add to the list? Have you found or know more creative ways to get startup financing? Please share your thoughts and experiences by commenting! Interested in learning more about business? Then just visit Waters Business Consulting Group.