Happy holidays to all and a wonderful holiday season and celebrations to each and every one of you who have been looking at my weekly perspective. I am off for 2 weeks spending time with family and will recommence in January. Wishing all of you peace, good health and prosperity in the coming year. Learn, […]
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Key performance indicators (KPI’s) are some measurable data related to the operation of your business. For example, in the movie outsourced, the goal was to reduce the time per phone call for a call centre from 5 minutes down to 2 minutes. This was a measurable outcome, had little, if anything to do directly with […]
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Here are some steps and thoughts on how to approach succession Learn more about the succession process: – read books on the subject, or by take a course. Allow your successor to participate in business decisions: – for business decisions, allow your successor to be involved. With more confidence, you can pass on more responsibility […]
Read MoreTwo ways to introduce new shareholders into your company as part of your succession plan: 1. sell them some of your shares 2. freeze your shares and then let the new shareholders subscribe for shares for a nominal value. An estate freeze is more fully described in the blog post below. Estate freeze and introducing […]
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Succession is a journey that is a positive thing. Remember, you are taking active steps for an orderly transition of your business to the next generation. The majority of private businesses today have not begun to take these steps, for many reasons, lack of time, lack of interest and focus on short term goals. Succession […]
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