Leadership
An effective leader creates an inspiring vision of the future and are passionate about developing the emerging leaders around them. They constantly work to improve their emotional intelligence and know that a strong team culture is the foundation for accomplishing the mission. They are in a perpetual state of preparation and embrace the inevitable changes their businesses will face.
- My Interview with Jerry West on Management
 I once had the thrill of interviewing Jerry West on management. He was “The Logo” for the NBA, although back then they didn’t advertise him as such. Only the Laker followers knew for sure.
In 1989 the “Showtime” Lakers were coming off back-to-back championships. Pat Riley was a year away from ... - Owners are a Minority
 When it comes to careers, business owners are a minority of the population. In conversations this week, I mentioned the statistics several times, and each owner I was discussing it with was surprised that they had so few peers.
According to the Small Business Administration (SBA), there are over 33,000,000 businesses ... - Celebrating Mr. Fezziwig
 Since 2013 I’ve updated this piece about the underappreciated and forgotten boss of A Christmas Carol, Mr. Fezziwig. I hope that you enjoy it. Merry Christmas!
Last week was the 180th anniversary of the publication of Charles Dickens’s A Christmas Carol (December 17, 1843). The immortal words of Ebenezer Scrooge are ... - Delegation and Depth – Company Readiness for Exit
 Delegation and depth are critical when presenting your business as a buying opportunity. For many business owners, exit planning means getting the company ready for sale to a third party. There are a number of approaches to enhancing preparedness for a third-party sale.
Assessing Readiness
Some planning software products begin with a ... - The Role of a Coach in Exit Planning
 Defining the role of a coach on your exit planning team doesn’t just happen. Like any other aspect of working with consultants, you need to set expectations upfront.
Many advisors like to characterize themselves as the “quarterback” of a transition planning team. I’ve always objected to that. We regard the business ... - “Work From Anywhere” Comes Full Circle
 Work from anywhere was initially a boon for many employees. Now employers are catching up. - Family Succession Planning: Who Gets the Office?
 Sometimes the most sensitive question in family succession planning is “Who gets the office?”
Dad’s (or Mom’s) office is usually perceived as the center of authority by the employees and other family members. That is where you got called on the carpet, where you were informed of promotions, or where you ... - Exit Strategy – Harvest or Grow?
 In every internal transfer, whether to family or employees, the owner/seller has to make the harvest or grow decision.
We’ll presume that your business has already reached a point where its value meets or exceeds your financial objectives as the owner. If growth is required in order for you to afford ... - An Employee Retention Culture
 Do you have an employee retention culture? Finding and keeping employees is exceptionally tough at present. Some are working remotely and being poached by employers in another state, others are listening to the pundits saying that employment is a seller’s market. A few are just worn out from 2 years ... - Do you Suffer from Decision Addiction?
 Do you suffer from decision addiction?
The typical business owner lives on dopamine. According to WebMD:
Dopamine is a type of neurotransmitter. Your body makes it, and your nervous system uses it to send messages between nerve cells. That’s why it’s sometimes called a chemical messenger. Dopamine plays a role in how ...
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