Episode D5.006 Relationship with Management and Ownership is Open and Based on Trust
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The world revolves around relationships. In business we have key relationships with our customers, suppliers, bankers, management team, and employees. How you navigate the relationships present different challenges as you move through various stages of growth. As the business owner navigating your relationship with your management team, and employees is key to your future success.
The relationship between the business owner and the management team is open and built on trust. You have to be able to have candid frank conversations with your management team and your employees. Trust doesn’t just automatically appear now that you are at this stage of growth. Trust is built over time. You are trying to transform your company in order to gear up with the next major expansion in your growth. Your management team members should feel that they can say what they need to say and not worry about being fired. You as the owner should be able to say what you need to say and not worry about the employee leaving/quitting the job. This type of open interaction is built on trust.
Today’s who takes up this conversation and provides an overview of the dynamics of the relationship between owners and management. We will also discuss what it takes to develop a relationship that is open and built on trust within the context of your business.
Key Issues - Questions
What You Need to Do
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Written by James Bryant
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