MCBRIDE FOR BUSINESS BLOG

McBride for Business Blog

When Your Advisors Disagree

January 3, 2018 // R. Shawn McBride // No Comments »

What should you do? You are caught in the crossfire. Your advisors cannot agree, and you are the one taking the heat. More than one of my clients has had a problem when they find their professional advisors disagree on the course of action. All too often, the client is the one who ends up paying the price.

How do you prevent this from happening? How do you make more effective professional advisor relationships? Know that it is not uncommon for professional advisors to disagree. After all, each has different points of view and different perspectives.

Your paid professionals are naturally going to have different viewpoints because of their own different experiences. Start by understanding that disagreement is not that surprising. But, the disagreement should not become disabling for the company, and it should not stress the management team.

One of the key things to do is to pull down silos. Get everybody focused on the goal. We talk in The 3 Laws of Empowerment, about building teams who will get to the goals you set.

A strong mission and value statement will help your professional advisors understand what the goals and objectives are. A controlled culture will have everybody pointing in the right direction. Start with that understanding and that mission to cause alignment, to cause those advisors to have the same end in mind. Set silos, and make sure that nobody feels like they have to fight for turf.

While everybody’s opinions should be valued, let’s end the turf wars and personality conflicts before they start by making it clear that the management team is in control, and the professional advisors are there to advise. If these conflicts happen repeatedly, it is unacceptable. Think about getting new professional advisors who are more aligned, and who will work harmoniously with one another.

What has been your experience? Have you been caught in the crossfire with your professional advisors? How did you resolve the situation? Join us in the comments below and let us know.

 

Make sure you download our free checklist to assess your business. 

This posting is intended to be a tool to familiarize readers with some of the issues discussed herein.  This is not meant to be a comprehensive discussion and additional details should be discussed with your attorneys, accountants, consultants, bankers and other business planners who can provide advice for your circumstances. Each case is unique.  Past results do not guarantee future outcomes. This article should not be treated as legal advice to any person or entity. Freeimages.com/photographer Andy Stafiniak.

About the Author

R. Shawn McBride is the Chief Innovation Officer at McBride For Business, LLC. His signature keynote, The 3 Laws of Empowerment, gives audiences an entertaining look at how they can prepare, plan and protect themselves. You can email R. Shawn McBride or (214) 418-0258.

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Posted In: Business, Management



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