Strategy

 
“We need more accountability and better results.”
 
Ah, if only I had a dollar for every time I’ve heard this statement. In fact, I can’t think of a business owner whom I have met or worked with that didn’t have an issue with accountability going MIA at some point in their company.
 
Accountability seems to be eluding a lot of us. Yet... Read the Full Story

There are essentially two paths you can take when it comes to transitioning the ownership of your business – an internal transfer or an external transfer.  Each path offers several options. 
 
One thing is clearyou will eventually exit your business, either on your terms or someone else’s. ... Read the Full Story

As I’ve shared in my last blog Processes – Part 1, a company cannot scale up without sound processes in place. Creating processes is important. Documenting them is even more critical.
 
What every successful company has - and what every wanna-be-great company needs... Read the Full Story

I love the analogy of watching a group of kids playing basketball, and guessing whether they are serious or just messing around.  Messing around includes a lot of traveling, behind the back moves, 3 pointers from the park…you get the idea. But when the game is on, it’s clear that things are serious. They are ready to prove that they have mastered the game.... Read the Full Story

Are-you-focused-on-the-right-things-in-your-business

The more family businesses and owners I coach around strategy, the more I’m reminded that building an effective strategic plan is very similar to raising kids – focus on a few things, repeat yourself often and be consistent.
 
Maintaining focus as a leadership team is a challenge many companies wrestle with and why it’s made my list of 8... Read the Full Story

I started to learn to play tennis when I was 14. My high school team needed people to fill out the team, and I thought, “What the heck. I’ll give it a try”. 
 
I fell in love with the game.  I had a great coach, and one of the things he taught me early on was I needed to be able to ‘see the shot’ I wanted to hit.  Envision it.  Execute it.  I was... Read the Full Story

The Shiny Penny Syndrome

There is a disabling disease that runs through family business leadership, especially those that are scaling up, and it can cause real havoc. It’s called “Chasing the Shiny Penny Syndrome”.  It’s when the company chases a new “shiny” opportunity in lieu of the core (and perhaps “boring”) stuff that got the business to where it is today.
 
Every company has... Read the Full Story

Some of the best-laid company plans were created on the back of a napkin. Lots of scribbles and doodles, but in the end, that lunch time, strategy brain dump was like gold. And it all fit on ‘one page’.
 
As businesses grow, leadership gets so engrossed in survival that they forget to stop, review, and update their ‘plan’ for... Read the Full Story

I’m a big tennis fan and have been enjoying the Australian Open the last two weeks. It’s the first leg of the four grand slam tournaments of tennis (Australian Open, French Open, Wimbledon, and US Open).  This tournament had a number of story lines, but none better than the men’s final of Roger Federer of Switzerland vs Rafael Nadal of Spain.
 
Dig deeper... Read the Full Story

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