Aired on February 26, 2020, Bill English talks with Carme LeBerge on Mornings with Carmen about the emotional price leaders pay when the organization is failing.



The companion artle is here.



Here are the show notes:



Notes for
2-26-19 Faith Radio Spot



Article: the Emotional price Owners Pay When
Their Business is Failing



This article
is featured in the new slider I built over the weekend.



Hook:  Business Owners pay a huge, emotional price
when their business is failing.  This
also applies to churches, non-profits and individuals when they are facing
significant, financial stress.  When
organizations or individuals are looking at bankruptcy, the emotions they
experience are deep, personal and significant.



Core talking
points:



Most business owners will face
financial ruin at one time or another. 
Most ministries will also face this at some point if they are going to
grow.Remember: no significant ministry
without significant riskSecret emotions:  this is true for business owners, ministry
leaders and individuals:Wake up at night and their mind is
racing about the impending dangers and you can’t shut down your mindConstant anxiety and sometimes, panic
attacks = Entrepreneurial TerrorSignificant fearReputational worriesWill
my spouse leave me?What
will people think?What
will I do next?Over time à despairOn the outside:CalmPositiveUpbeatShowing no weaknessYet, you areRepressedCompartmentalizedWhy are they failing financially?Don’t understand their use of cashNot so much about a budget as it is
about knowing when cash comes in and when/where it goes outYou
can only spend a dollar onceDifficulties in shutting down an
organizationPaying off vendorsNegotiating end to contracts such as
printer or phone system leasesFinding cash to meet payroll while
shutting downSometimes: the owner’s/leader’s
moral obligations to stay in the business/ministry propels them to keep going
when it is emotionally unattractive to stay in it – furthering the depth and
severity of emotional drain and mental strain on them personallyWhat Can be done?Churches should develop financial and
supportive ministries to individuals, ministry leaders and business leadersNeed a confidential place to talk
where they won’t be blamedNeed outside assistance in getting
their business/ministry to a healthy pointLeaders must humble themselves and be
willing to ask for helpLimit personal, financial exposure to
the ministry or businessMaintain
good work/life balance – a failing business or ministry can suck you under if
you’re not carefulDo not try to solve the entire
problem with one decision.Make
incremental, numerous decisions that fix what you can fix today and enable you
to live another day.Spouses experience failure
differently than the owner/leader.AngerHurtFrustrationResentmentWhy
didn’t you listen to me?LonlinessFeel
out of controlLoss
of securityQuestion
the abilities of his/her spouseShut
down emotionallyNeed
similar support