Succession planning is a process, not an event. It doesn’t matter if your chosen exit strategy is a transfer within the family or an outright sale. The process takes time, [...]
When a qualified son or daughter decides not to join the family business it can cause confusion, resentment and emotional distress for the entire family. So why would an individual [...]
A 2011 survey of family businesses conducted by Family Business Magazine revealed that over 35% of business leaders will retire in the next five years and nearly 60% will retire in the next ten [...]
In our previous post, we introduced John Kotter’s bestselling book, A Sense of Urgency. Now we will continue with some of Kotter’s advice for dealing with [...]
In his bestselling book, A Sense of Urgency, John Kotter examines an issue that I believe is critical to every organization. The issue is how business leaders can create a high [...]
In the current economic environment, many business leaders are finding it difficult to grow the bottom line. Often, either because of frustration or desperation, strategy defaults to [...]
Have you ever heard one of your employees say something like this, or perhaps even said it yourself? “You can doo 100 things right and not hear a darn thing about it. [...]
In conjunction with Mindshop International, we are pleased to offer you our FREE online Growth and Profit Solutions (GPS) Diagnostic. This online business assessment will help you [...]
In last week’s blog, I talked about the importance of planning, and how the primary issue with implementation of plans relates to accountability. We closed with the concept of locus [...]
In our last posting we touched on the ideas of Dissatisfaction & Vision, two parts of the change formula. So let’s imagine a world where you’ve established and communicated [...]