Management Information

The Devil We Know


"I'm in an abusive relationship," sighed Andrew. "My bookkeeper annoys the hell out of me but I just can't let him go. I keep hoping he'll improve? it's torture. Why do I do this to myself."

"You've already answered that question," I replied. "You're in an abusive relationship. Would you feel better knowing that many business owners are in the same boat? They've outsourced a task or made concessions to a delinquent account with hope of reducing the stress, but it only made matters worse."

"I'd be better off taking the bookkeeping back and doing it myself," Andrew suggested.

"That's not dealing with the underlying issue," I countered. "You outsourced the bookkeeping because you're not good at it, so taking it back does not serve your primary goal. You need a bookkeeper that will do the task and serve you, the customer."

"Right! But how do I get rid of him? He has my files, my receipts, all my information. How do I get that back without starting a confrontation?" he asked.

"Oh, I see. You want to bail out but not deal with the consequences. So the issue is with you, not him. You'd rather stay with the devil you know than the devil you don't," I said.

"So what's the better action?" he asked.

Andrew is struggling with a dilemma many business owners wrestle with: an unwillingness to confront poor performance. Whether it's with an employee, an overdue account or a business relationship, they would rather bitch and complain about a lack of performance than deal with the fallout. The pain associated with a focused, corrective action is greater than stretching it out over time. Do you take off the bandage in a quick rip, or are you prone to pull it off hair by hair? Do you plunge into the cold lake, or slowly wade in?

"Actually your problem is the result of not taking action. You're enduring the suffering because you refuse to go through the process of letting him go and finding someone more competent," I replied. "This is all about you."

Oftentimes when we are faced with challenges, we place the blame 'out there'; someone or something is doing us wrong. But in reality, we're just refusing to get clear on what we want. And if you're not clear on what you want, you can't initiate a decisive action.

In most situations where inferior performance is causing grief, we know what corrective action is needed but we will do almost anything to avoid going through the anguish that a focused action brings. In Andrew's case, terminating the relationship and retrieving the information, plus starting over with someone new, was daunting enough to override his frustration with the current situation. So instead of dealing with the real issue, Andrew is left to manipulate consequences. We go to silly extremes to avoid pain, like pulling off the bandage hair by hair!

Getting clear is always the first step. What outcome do you want? Plotting the action to achieve that outcome is the second step. If you're not clear on what you want, any action you take will only complicate the situation. And since most people avoid getting clear first, they land up manipulating the consequences of hanging onto the devil they know.

"What do you want the outcome to be?" I asked Andrew. "Tell me in 10 words or less." Once you're clear, few words are needed.

"To get my bookkeeping on track and up-to-date," Andrew replied.

"Great! And what action will that take?"

"Deal decisively with my current bookkeeper, get my stuff back and find someone new," he replied.

"Right! But not just 'someone new', you want someone competent. Remember that your clarity will determine how decisive your action - and the response to it - will be. So if you give your bookkeeper another chance or leave it to him to return your files, your wavering will have a consequence on the outcome. If you're going to 'rip the bandage off' then make the action complete. A half-assed action only complicates things."

Hanging out with the devil we know is a common business habit. How often do you cajole with customers or network with clients even though you know the possibility of ever doing business with them is remote. Instead of moving on and finding new leads or business relationships, you fool yourself with a false sense of comfort. Why invest your time and money and more importantly, your emotional substance, into relationships that will never bear fruit?

Like Andrew, we really do know better.

Luke Vorstermans owns and manages a successful publishing and communications company and is the Editor of Business Dynamics magazine and content contributor to IR Design.


MORE RESOURCES:

Tuition Management Systems Enters Into Marketing Agreement With School and ...
MarketWatch (press release)
BOSTON, MA, Feb 09, 2012 (MARKETWIRE via COMTEX) -- The First Marblehead Corporation /quotes/zigman/331260/quotes/nls/fmd FMD +6.52% today announced that its subsidiary Tuition Management Systems LLC (TMS) has entered into a marketing agreement with ...

and more »


CBS Local

Two Key Managers to Retire at Ford
New York Times
DETROIT – The Ford Motor Company on Thursday announced the retirement of two members of its management team who were integral to the automaker's financial recovery and product renaissance. The retirements of Lewis Booth, the company's chief financial ...
Management changes at FordCBS News
Ford CEO Mulally stays on amid management shakeupmsnbc.com (blog) (subscription)
Ford CFO Lewis Booth and Global Product Chief Derrick Kuzak to Retire; Veteran ...MarketWatch (press release)

all 133 news articles »


Tiedemann Wealth Management Wins PAM Award
MarketWatch (press release)
NEW YORK, NY, Feb 09, 2012 (MARKETWIRE via COMTEX) -- Tiedemann Wealth Management, LLC has been recognized by Private Asset Management (PAM) as Best Private Wealth Manager in the category of firms with over $5 billion in assets under management.

and more »


Integrated Asset Management Corp. Announces Results for the First Quarter of ...
MarketWatch (press release)
TORONTO, ONTARIO, Feb 09, 2012 (MARKETWIRE via COMTEX) -- Integrated Asset Management Corp. ("IAM") /quotes/zigman/18979 CA:IAM -7.14% today announced unaudited financial results for the quarter ended December 31, 2011. Review of the 3-Month Period ...

and more »


HazelTree Fires Up to Manage New Growth
MarketWatch (press release)
NEW YORK, NY, Feb 09, 2012 (MARKETWIRE via COMTEX) -- HazelTree, a leading provider of Treasury management services for alternative investment managers, has appointed Sandeep Rawal to the position of Chief Technology Officer, effective immediately.

and more »


Unity Management Group Subsidiary Receives Order and Completes Contract
MarketWatch (press release)
9, 2012 /PRNewswire via COMTEX/ -- Unity Management Group, Inc. /quotes/zigman/582474 UYMG +133.96% (or "the Company") announced today its wholly owned subsidiary Metropolitan Computing Corporation (or MCC) has completed a maintenance contract on a ...

and more »


Apptio CMO Invited to Speak on Best Practices for Effective IT Management at ...
MarketWatch (press release)
SEATTLE, WA, Feb 09, 2012 (MARKETWIRE via COMTEX) -- Apptio, the leading provider of on-demand Technology Business Management (TBM) solutions, today announced that Chris Pick, chief marketing officer for Apptio, will be speaking on the economics of ...

and more »


MOBI Wireless Management Partners with Notify Technology to Offer Integrated ...
MarketWatch (press release)
INDIANAPOLIS, Feb 09, 2012 (BUSINESS WIRE) -- MOBI Wireless Management, a provider of strategic management solutions for corporate mobility programs, today announces a technology partnership with Notify Technology Corporation's NotifyMDM.

and more »


NFL time-management debates go into overtime
San Francisco Chronicle (blog)
The strategy itself has become a fashionable, one-size-fits-all piece of time management. But it didn't match the Giants' needs and won't cover anyone's posterior when it backfires. A team takes a huge risk by ordering the offense to play defensive ...

and more »


Och-Ziff Quarterly Loss Widens
Wall Street Journal
By AMY OR NEW YORK—Hedge-fund manager Och-Ziff Capital Management Group LLC's fourth-quarter net loss widened on lower incentive income, as most of the company's funds notched negative returns last year. "Last year was particularly volatile, ...
Och-Ziff Capital Management Group LLC Reports 2011 Fourth Quarter and Full ...MarketWatch (press release)
Och-Ziff profit off as performance fees shrunkReuters
Och-Ziff Profit Drops 94% as Fund Performance Fees DeclineBloomberg
Wall Street Journal (India)
all 8 news articles »

Google News

home | site map
© 2006