The Cost of Wrong

How much does it cost to be wrong? Talk to a member of one of my peer advisory groups and they’ll tell you that they avoid 2 or 3 costly mistakes a year. Mistakes that would cost their businesses hundreds of thousands of dollars.

How much does it cost when a critical hire goes wrong? When you hire the wrong person or hire the right person but don’t give them the guidance to succeed. When you keep the wrong person too long?

How much does it cost to underprice your services? To overpay for service?

What’s the cost of wrong? How much is your career worth? How much do you value your company?

I’m an Executive Leadership Coach and Peer Group Facilitator and chose this role after being the guy who replaced the guys who personally discovered the exact cost of wrong. When investors or a board decided a CEO is no longer right for the job, is wrong, they’d hire me to right the wrongness. To step in and replace the CEO or he who was not right.

Most of the time, I operated like a chop shop. You know the place where car thieves would sell their stolen vehicles. Because like a chop shop I’d cut the company into pieces and sell the parts. I know the cost of wrong. I’ve been there at the memorial services of the wronged.

So it always surprises me when I hear people bemoan the cost of advisory groups or coaching in general because here’s what I know, when you make decisions in the vacuum of support that is corporate leadership when you can’t be completely open with your board, your investors, or your team, you’re going to be wrong as often as you’re going to be right. When you’re in the middle of the forest and so close to the tree that you only know you’re in a tree, you’re going to make a mistake. You’re going to be wrong.

What’s the cost of being wrong? Possibly everything. What’s it cost to be right in comparison? A fraction of the time and money as wrong.

Want to find out more about joining a how-to be right?

Let’s talk. Schedule a complimentary 1-on-1 and let’s figure that out together.