The Last Taboo Topic
If you are a business owner and have not been sued or at least threatened with a lawsuit, it really is just a matter of time. Conflict is inherent when you are in business. It’s nothing to be ashamed of or afraid of, but it is something to be prepared for because it’s going to happen.
Let’s look at some of the ways conflict arise and what you can do to mitigate the cost of it to you and your business.
* You and a joint venture partner make an agreement to create a product together, but you don’t document that agreement and it turns out to cost more than either of you anticipated and now you can’t agree about who is going to pay for what, leading to conflict;
* You engage a client for your services and three months into the engagement things are not going well. You and your client seem to have a different recollection about how you would be paid and what you were promising. Now your client is unhappy and wants a refund, leading to conflict;
* You hire a website designer who promises to complete your new site within a certain time frame and he can never seem to keep his agreements. You try to work through it, but finally, you give up and decide you have to make a switch only to find out that your web designer owns all of the work you’ve done up until that time and wants you to pay in full before transferring it over to you, leading to conflict;
* One of your team members is not keeping up with her work and you find out she’s been working other jobs without telling you, using intellectual property you created. You fire her, leading to conflict;
Of course, the list could go on and on. Any time you are working with others in your business, you are at risk of a conflict that could derail your growth.
When you find yourself in one of these conflicts, it’s very easy to get confused about the right thing to do. Who was at fault? How could they be doing this to you? What should you do?
The answer to these questions lies in your LIFT Foundation. If you have a strong LIFT Foundation in place, you won’t have to worry about a thing when these conflicts arise because you’ll have the tools for handling them easily and without fear. If you don’t have a LIFT Foundation in place, conflict can be a difficult place to find yourself.
With a LIFT Foundation in place, you will have clearly documented agreements that ensure conflict is resolved easily because everyone knows in advance what was agreed to and there is no uncertainty. You will have clearly documented policies and procedures for your team members, so when someone violates a policy, you have clear grounds to end the relationship. And if all else fails, you have the benefit of the corporate shield in place to ensure your personal assets are never at risk from a business accident.
Legal protection from conflict is only a small part of the LIFT Foundation. To discover what else you need to have a LIFT Foundation in place in your business, request my free 60-minute audio program at http://www.LIFTMyBiz.com.
Isn’t it time you got serious about your business? What I promise you is that when you do, so will the rest of the world - your family, friends, clients, vendors, team members, and even lenders and investors. LIFT is what you need to take your business to a higher level.


