Looking at your business from different perspectives can lead you to innovative thought and possibly a stronger business. You probably are aware of your three distinct roles in the business: 1. leader-employee, 2. family member, and 3. owner. In your daily interactions with your stakeholders, do you acknowledge and recognize that your decisions and goals […]
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Communication within families can be charged with emotion well beyond the words that are shared. Having said that, fruitful and effective communication is essential to create an environment for your succession plan to proceed and succeed. In discussions with others, we are often told things that should not be shared. Confidentiality. It is a challenge […]
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I was speaking with a client today about why his succession has worked. He has been running his company for over 50 years and had rightly identified a number of years ago that he would not be here forever. What did he do? At the time of his self reflection, he understood that he was […]
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Having conversations around succession are difficult. It can feel like you are admitting to yourself about your own mortality, …to some entrepreneurs, a sign of weakness. Undoubtedly, the outcome and the benefits are exactly the opposite. A strong person can face the challenges and also face fears to open up the dialogue with the most […]
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Do you find your days filled with the minutiae of the moment? Each day of operating your business requires your personal attention and input on many of the decisions that have to be made. How can you find the time to plan, strategize and start your succession journey? Tough is it not? You can find […]
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