There are no easy exits. There is no reason to think that, after building a successful business with that never-say-die attitude, you can effortlessly detach yourself through a sale or transfer. If you were learning a new skill or sport it would be prudent to take a few lessons. Exit Planning is no different. Have [...]
“What do we have to do today to be ready for an uncertain tomorrow?” Peter Drucker. What’s up with strategic thinking? How important do you think strategic thinking is to the success of your organization? If your answer is that it is one of the most important skills for you, your leadership team and all [...]
Wow, I ran across this question--I am not sure where it came from but I thought it poses the question very nicely. If you believe, as I do, that people are the only real assets of any organization-their drive, focus, commitment and creativity, then it begs the question, what is your organization doing to keep [...]
A study by the Aberdeen group reported some fascinating findings that should lead proactive business leaders to look more deeply at the satisfaction and engagement levels of their employees. The top 20% of the companies in the study improved emoployee satisfaction by 22% and employee performance by 21%. The median companies improved satisfaction by 1.5% [...]
Earlier we had talked about how businesses can benefit from cultivating their own leaders. There is no doubt that much can be said for molding managers from your existing employee pool. Many companies do want to promote from within, fully understanding the benefits of internal growth opportunities, but not all businesses understand how to develop [...]
Any business owner or CEO knows that their company's leaders are crucial to the success of their business. Poor leaders equate to poor employee satisfaction and, as a result, poor performance. It is no secret that poor performance has a direct impact on your business's bottom line. Unfortunately, not all businesses are properly cultivating the [...]
Companies are oftentimes concerned with protecting their assets, and rightfully so! The problem is, a company's most important assets are often overlooked and many times neglected. While your technologies, products and structures are definitely important to the success of your business, these things can be easily copied by your competitors. What your competitors can't copy, [...]
We all hear the term “good team leadership” in our day-to-day business activities, but do we really know what the words mean? Do we understand how to develop good team leadership and how to make sure our management teams understand the fundamentals of this crucial business concept? If you think that good team leadership simply [...]
In the business world, each and every employee must take some accountability for his or her own engagement. However, it is important to remember that there is a direct correlation between the level of your employees' engagement and the level of your company's employee retention. Which brings up the question, just how engaged are your [...]
It isn't price first and foremost. It's basically 3 things - coming to grips with loss of control; the legacy issue where the owner knows the business is integral to the community; and a paternalistic feeling toward the employees - what's to become of all those families.