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Articles

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How to Exit When You’re The Franchise

A client and good friend asked me to write this article because he has, and is, living it. He also has a real desire to do something that will help other family and closely held business owners to cover all the bases they need to cover as they begin to think about moving to the [...]

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10 Keys to Successful Exit

  1. Determine if can the company perform without you. 2. Have a customized exit plan 3. Have a strong tax strategy 4. Build an estate plan 5. Determine income replacement needs 6. Build income replacement fund 7. Build a 3 year strategic plan for the business 8. Make sure you have the right people [...]

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Does intuition lead to fuzzy decision-making?

Posted by on May 7, 2012

In past columns I have asked, “Who does the best thinking in your organization?”  The purpose of these questions is to focus on two different and yet important types of thinking:  Creative thinking that generates new ideas that can be exploited for the growth and prosperity of the business, and analytic or critical thinking  to [...]

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Unwanted turnover is the result of leadership ineffectiveness

Posted by on April 14, 2012

Following up on my recent blog where I cited the Ken Blanchard companies research that ineffective leadership cost companies on average about 7% of their annual revenues in reduced profit. I stated that for $3 million company the annualized loss of profit would be around $210,000.  The three key areas most affected by the poor [...]

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The Constant Balance for Organizations

Posted by on April 14, 2012

The ceo of a large construction company once told me that business is easy to understand: There are only three parts; Get work (sales), Do work (production), and keeping score (do you make money?). I have shared that concept with numerous clients over the years, and while it is easy to grasp, the balance between [...]