Succession & Transition Planning
June 22, 2021
Every business has things it does well. We are happy to point to these strengths, describing them as reasons why customers should do business with us. Conversely, we have areas where we are not strong, vulnerabilities that open us up to competition t...
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May 25, 2021
The recent pandemic has created the perfect conditions to force business owners to take a good hard look at all the variables related to their business’s ongoing success and sustainability. It has, in many cases, identified significant cracks in:
...
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April 26, 2021
Succession planning that encompasses the entire organization is smart strategy with the added benefit of being a unifying process for organizational development.
An exciting firm had experienced excellent growth over the previous decade and as a r...
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March 22, 2021
Entrepreneurs must always be prepared to face the cycle of building and rebuilding. In 2008, while I was researching a book, my wife and I travelled around North America in a small RV. In many small Southern towns, it was pretty clear that businesses...
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February 19, 2021
What Is Culture?
Culture has an impact on success. And success is fundamental to succession planning. This year I spent two months in hospital with a nasty infection (not COVID) and each of the three units I stayed in had its own culture that affect...
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January 25, 2021
When I meet business owners who are interested in preparing their companies for sale one of the questions I ask is, “Relative to selling your business, how do you define success?”
How do you define success?
I want to make enough money to re...
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December 22, 2020
If you’ve owned your business for a long time you’ve worked hard. You’re still working hard, possibly harder than any of your employees. At some point, you have to ask yourself, why?
For some business owners it’s financial: unexpected fina...
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November 23, 2020
Beliefs are incredibly powerful. Groups with similar beliefs go to war, move mountains, cure diseases, or create profitable companies. Individually, our beliefs can cause us to follow the recommendations of experts or listen to ‘alternative facts...
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October 26, 2020
Lessons learned in the business setting can have relevance to our personal lives. Recently, a client reflected on the most important lessons learned during a leadership development program. It turned out that asking questions and listening to under...
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September 21, 2020
If you sell your business to an outside buyer the new owner may want to retain you for a year or two as an advisor/consultant. This arrangement can help ensure a smooth transition and provide time to transfer your business wisdom and knowledge to the...
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