Should you care if your company is going downhill?
Imagine that your employer or client is heading to a wrong direction. What to do if the management is making stupid mistakes, that will have a very negative impact on the business?
As I consultant I have met quite a few unqualified directors who made uneducated decisions which had a serious negative impact on their business. As an employee, manager or consultant the dilemma is always present: should you try helping them to prevent trouble? Read on to find out my honest opinion.
If you have direct financial interest
In case you have a direct financial interest in the company, like you own shares, have equity or perhaps you are entitled to beefy performance bonuses - then you should definitely get involved and help the situation.
If you don’t have direct financial interest
If you are on a salary without bonuses or such, just sit back and watch the show. In this case, your best bet is to find a new job, possibly with better management and move before your current company goes bust.
In any case, do not try to play the hero because it will make you look like an idiot and will definitely generate conflicts. Also, do not think of the company as your own, simply because it is not. Know your responsibilities and know when to make a move when you see trouble ahead.
Do not try to be a hero
In the early years of my consulting practice, unfortunately, I had the “luck” to deal with unqualified and moronic management teams that just kept shooting themselves in their feet. First I was feeling motivated and responsible to turn things around but after some time I have learned that if they refuse to think, learn or listen then the best is to leave them fail.
So if you work for a company that is on a downhill and the stakeholders are stupid enough to do nothing about it then do not make it your problem. Sit back, relax, watch it decline then move on to something better.
25 common signs of a failing company
When any company is in trouble, they tend to show consistent signs regardless of the niche. If you feel like things are not quite right at work, you might notice these things:
Invoices are not paid on time
Nothing new is happening
Bad word of mouth
Poor employer brand reputation
Wrong people are getting promoted
Lack of training and development
Employee morale plummets
Too many new bad hires
Excessive rumors and gossip
Company hierarchy is reorganized
Good employees and talents quit
Perks and benefits are changing
Everyone is stressed
Company undergoes a re-branding
Too many toxic employees
No long term strategies or plans
Employees are bored and unmotivated
Bad press and media
Employee turnover skyrockets