36. Loyalty to the team

When business is s tight, we are all used to managers and owners asking the team to dig deep, give a bit, and try and pull through…. Often, staff are only happy to help to act as a team, to work to not only help keep their jobs but because they are often loyal to the company and the owners themselves. And some business owners treat their staff like family.What it if is so bad the doors may need to close? Tensions mount, and timing is critical. Who needs to know what and when? How do you manage the loyalty to your staff (or to the owner) with your own interests?And, of course, there are those other business owners who don’t have the same focus on the team, who can’t really be surprised when that team turns on them when the business goes sour. Managing the team’s needs, the business, and the owners is critical. To help us go through this, we were fortunate to have Bradd Morelli join in this episode. Bradd is the National Managing Partner of Jirsch Sutherland, the partnership leader for the firm for which Chris Baskerville runs the Brisbane office. And what is the role of the administrator or liquidator? You’ll be surprised at what it takes to get to the truth. Listen in!