Succession & Transition Planning
October 18, 2019
What will you do after you transition away from your business? That’s the big question for many entrepreneurs. For most employed individuals, who have ‘normal’ work lives, the answer is easier: outside of work, they have sports, hobbies, family...
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September 23, 2019
I have an important question: If you don’t plan and lead the transition of your business who will?
I’ve been beating this drum for several years and sometimes it feels futile. The statistics and the reality of your image in the mirror should...
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August 26, 2019
Who has the right personality to take over from you? As you plan your succession, it would be wise to give some thought to the type of person who can continue to build what you’ve created. On one level you might want to try to clone yourself. After...
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July 23, 2019
I imagine you consider yourself busy. That’s your life. As a business owner/entrepreneur you’ve probably been busy for decades. It started when you decided to own your own business. You put in long days and nights working on everything from clean...
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June 24, 2019
In the British monarchy, the eldest son of the current ruler has always been the legitimate successor to the crown. If there were no sons, then the eldest daughter stepped up – hence the great queens Victoria, Elizabeth I and II. This system has be...
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May 21, 2019
A theme of the play, Cat on a Hot Tin Roof is mendacity, an interesting word that means lies and untruths. The play reveals an intricate web of lies within a dysfunctional family and examines the discrepancy between who people pretend to be and who t...
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April 22, 2019
Managing priorities begins with a clear understanding of your responsibilities. Whether you are the owner of the company or a maintenance person, in order to be effective you must know which activities produce the best results.
Managing your prior...
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March 25, 2019
Successful succession planning requires that those most affected by the transition be on board. So what does it take to get buy-in on your succession plan?
Time
If you spring a transition on those affected at the last minute, you don’t give...
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February 26, 2019
Who are you competing against when you want to sell your business? Most certainly, similar businesses in your industry and other companies selling the same service or products. But, consider that your biggest competitors might be entirely different:
...
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January 21, 2019
What are your expectations for 2019? Your employees’ expectations? Are they aligned? If not, it will be like driving a wagon with one horse pulling in a different direction from the others. It doesn't work very well.
Suppose you expect to guid...
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