An asset that has highly appreciated and owned in joint names can cause a challenge when it comes to IHT planning. Here we take a look at some careful IHT planning we assisted a client with in relation to a jointly owned asset.
Resolving Management Team Conflict to Drive Business Growth
Business Advisory
A long-standing client experienced significant conflict within their key management team, disrupting team harmony and impeding business progress.
The business owner had a strong desire to grow the company for the benefit of the entire team, but internal conflicts were overshadowing this goal.
Task
The business owner sought to understand the root cause of the conflicts and find a resolution to reunite the team and refocus on the company’s growth objectives.
This was mentioned in a passing conversation with the client and naturally we wanted to assist the client however possible to enable them to achieve their goals.
What did we do?
Initial Consultation
We had an initial in-depth discussion with the business owner to understand the circumstances and dynamics of the conflict and provided various insights and suggestions based on the principles of Organizational Health by Patrick Lencioni.
Offsite Team Building Day
We were then able to facilitate an offsite day designed to reunite the key management team.
We introduced a structured meeting format to streamline business operations and developed an action plan with a unified vision and assigned clear, agreed-upon actions for the next 90 days and 12 months.
Result
Improved Team Unity
Despite initial challenges, the offsite day received excellent feedback for its positive impact on team unity.
Clear Growth Plan
Established clear actions aligned with the company’s growth plans, providing the team with direction and focus.
Ongoing Support
The company retained our services to facilitate future quarterly offsite meetings, recognising the value of continued support in maintaining team cohesion and driving business growth.
Summary
We are dedicated to serving clients and are happy to assist in addressing internal conflict to foster a cohesive management team.
The impact that this can have can reignite a company’s growth trajectory and enhance overall organisational health.
Getting in touch with us
If you would like to talk to us about how we can assist you in your business journey please take the next step and request a call back or call us on 01634 731390
Our services
If you would like to find out more about some of our services that might help you please take a look at our related pages:
