Tuesday, April 1, 2014

How Exploding Trees Could Derail Your Exit Plan


I was duped, and I didn’t know it.  And worse, I shared the story with just about everyone I met.
It was innocent enough, and my intentions were good. But just the same, I was guilty of spreading mis-information and there was no way to right the wrong.  But after all, it was an April Fool's prank, and here’s how it all started.
Several years ago while driving to my office, NPR featured a story about exploding maple trees.  Yep, that’s right- the dangers of a little known occupational hazard facing the sap gathers of the woods of Vermont.  Seems that due to extreme cold weather, and a quick warm spring, the pressure of sap had built up, and when the trees were tapped- kerpow! Interviewed sap collectors reported incidents of fatalities, maimings and even several people being decapitated when tapping the trees! 
Immediately my thoughts were spinning

Where was OSHA when you needed them?  Why wasn’t someone doing something about this tragedy? No wonder real maple syrup is so expensive! 

I was incensed that such an occupational hazard could go on unchecked. So I told everyone I met about the exploding maple trees in Vermont, and I encouraged folks to boycott maple syrup as a means to rectify the injustice. 

I continued my social conscious raising efforts until one weekend in late April when I told a friend who happened to hail from Maine.   Doug asked where I had heard such a story. I answered “NPR, so it must be true!”  Doug told me maple tree sap dribbles out, and could never build up enough pressure to ‘explode’. Then he asked, when I heard this ‘news story’.  I told him ‘a few weeks back’.  Doug said, “Could that have been April 1st?”  OMG- I had fallen for an April Fool’s joke, and a great one at that.  We all had a good laugh, until I realized I had told dozens of others about the exploding trees.  Hopefully not too much harm had been done to maple syrup sales. 

Although NPR is typically a credible source, on April 1st   they try to dupe their audience, and I fell for it. Which taught me a lesson:  rumors get started, often innocently, and can spread like wildfire. 

Could this happen in your business?

You bet.  Human resource communication experts say 70% of employees get their company related information through the grapevine. And of that, only 20% is accurate, the balance is mis-information, or simply made up. 

Why does this happen?  Well, these same experts note that employees share stories to build relationships.  But they also share ‘information’ to impress others and feel important.  And if the messenger is perceived as credible (like NPR), most folks (like me) don’t bother to check the facts.

As a business owner, and perhaps one who is considering a transition plan, you may be subject to the exploding maple tree phenomena. After all, your employees know you won’t stay in the business forever.  And in the absence of any formal communication, they may look for nuggets of information to fill the void.  But just as the experts warn, most of the data will be flawed.  And the more outrageous it is, the more compelling it is to spread the flawed ‘facts’.  And next thing you know, your employees have you selling the business to a nameless villain from East Oshkosh who intends to close the place down and move the operations to northern Siberia.

Outlandish, perhaps. But so are exploding maple trees.

So as you contemplate your transition strategy, be honest with your employees.  They realize you will eventually be exiting, and better that you share the when and how versus their imaginations creating your exit plan for you.