Succession & Transition Planning
March 26, 2012
If you intend to transition or sell your business you must be prepared to make significant changes. And, if you don’t control and manage those changes, it is inevitable that someone else will – with or without you.
John Kotter, one of the foremo...
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February 21, 2012
Over the past few months, we have watched as some very big name businesses have passed the reins of leadership to a successor. Only time will tell if it will work; but, there are lessons to be learned from observing Apple, RIM and Canadian Pacific at...
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January 23, 2012
Organizations learn only through individuals who learn. Individual learning does not guarantee organizational learning. But without it no organizational learning occurs. ~ Peter Senge, The Fifth Discipline, 1990: p. 139
In 1990, Peter Senge publis...
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December 22, 2011
Winston Churchill famously called depression his “black dog.”
During my sabbatical in 2008, I interviewed an entrepreneur who had sold his business in 2004 for more money than he knew what to do with. However, soon after the sale he fell ill. ...
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November 17, 2011
When I bought my first Prius, I thought I was rare. One of those people who care enough about the environment to put their money where their mouth is. However, almost immediately I became aware that there were a lot of Priuses on the road. I was no...
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October 24, 2011
American writer, Eric Hoffer said, “You can never have enough of what you don’t really need to make you happy.” Most of us would agree that money doesn't buy happiness. Studies have shown that once you attain a certain income, getting more does...
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September 7, 2011
Throughout history, humans have used leverage to ease their burdens. Applying the physics of leverage, an average person can move loads many times his own weight, thus in ancient times the Pyramids, Stonehenge, and the aqueducts were built using huge...
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August 17, 2011
You may be in limbo about what to do with your business. Do you sell it to a stranger, a supplier, a competitor or your employees? Do you sell it or give it to a family member? Do you just keep it and continue to harvest the income while someone else...
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June 29, 2011
I am by nature an optimist. I think most entrepreneurs are, otherwise they would never go out on a limb and start a business. But things can go wrong; and, as you approach the final stretch leading up to retirement or selling your business, things ma...
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June 1, 2011
One of the most important decisions a business owner or corporation makes is who will be the next CEO. Businesses that will survive and thrive have a successor prepared to take over at a moment’s notice in the event of a premature exit of the curre...
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