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More often than not, when I ask business owners what their lifestyle number is I hear either “I don’t know” or “I THINK I need (X)”...
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According to a survey conducted by the Exit Planning Institute, a staggering 75% of privately-held business owners regret selling or transitioning out of their business within 12 months of the transaction. How is it possible that owners are so disappointed just one year after what should be the happiest day of their life? There is a disconnect between their head and their heart.
Read PostBLOG | LEADERSHIP
Business value is all about business transferability. That value initially started with you, your hard work, and the relationships you built. Y-O-U. But the value can't stay with you. Why? Because the more transferable your business is, the more value it has. And that comes down to one question: “Can your business run without you?”
Read PostBLOG | LEADERSHIP
Studies show that just 8% of people who make resolutions achieve them. Just 8%. That means 92% fail. So as the company P&L resets to zero soon, what business resolution will you make? Not sales projections – a business development resolution, make that commitment.
Read PostBLOG | LEADERSHIP
The very thing that gets a CEO to the top can also be their Achilles' heel. The transition from ‘player mode’ to ‘coach mode’ is a mindset that at first glance sounds easy, even refreshing – “Hey, I’m no longer responsible for doing all the work around here.” Yet many CEOs never make that transition.
Read PostBLOG | FAMILY DYNAMICS / GOVERNANCE
When the stakes are high, the strength of the family is often needed most. Therefore, family businesses need to have processes in place to build that strength before it is needed. Here are some suggestions for family leaders who want to strengthen family connectedness.
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