Succession & Transition Planning
November 21, 2017
What is Effective Delegation?
Dr. G. Michael Durst says: It is “…the achievement by a manager of definite, specified results.” [1]
Durst suggests that prior to delegating you will have thought about, crystallized and defined the specific ...
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October 23, 2017
A 2017 survey from BDC, revealed stunning and thought-provoking statistics:
Almost 60% of Canadian small and medium enterprise owners are aged 50+
41% of all entrepreneurs expect to exit their business in the next five years. That’s about t...
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September 26, 2017
The future is already here!
I’ve been banging the drum for ten years – get your business ready for transition or sale before the rush. Boomers, who represent the majority of business owners, are getting ready to retire and a pent up surge is a...
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August 21, 2017
How much energy do you need to get your business in shape for selling? How much time will it take? When is the best time to enter this phase of your business?
Every situation is unique. You may have a business that’s running well; has documented...
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July 20, 2017
Emotion is the elephant in the room when it comes to selling or transitioning your business.
The technical aspects of selling or transition are not rocket science. If you know what you want to do, your lawyer, accountant, banker and business broke...
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June 27, 2017
In his book, Every Family’s Business, Thomas Deans encourages business owners to prioritize preserving the family wealth over preserving the family business. If it makes more sense to sell the business outside the family and put the money to more p...
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May 19, 2017
The time is now!
One of the most important lessons of time management is to avoid procrastination, and when it comes to succession planning and business transition commitment to that lesson is essential. Procrastination is an expensive habit for b...
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April 24, 2017
Do owners who successfully transition their businesses share features that enable them to achieve their goals? Although each situation is unique and there are multiple variables at play, the ones I am familiar with often exhibit these common strength...
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March 21, 2017
I love to ask questions. I’m naturally curious and I like to understand what’s going on in the mind of others. The better you understand the perspective, wants and needs, values and beliefs, rational and emotional reasoning of others, the better ...
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February 21, 2017
The Indispensable Man (we could add Woman to this title) is a poem often cited for cautioning leaders to be humble as they exit.
But I think there is another message here for leaders - a successful transition should look exactly like this…barely...
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