Reboot, Reset and Respond; Running Your Business Today in the New NormalIn today’s business climate businesses that achieve success will have a business model that effectively manages the external changes in the economy and changes in consumer behavior. Consumers are moving away from “loyalty” to what is termed “preference”… what does this mean? Unlike loyalty, Preference is less brand loyalty and having a basket of brands to choose from based on price, convenience, availability, etc.
High Performance TeamsThe word Team is used (incorrectly) interchangeably with Work Group. The key difference between the two is that a Work Group is tied to individual performance. However a High Performance team has both individual and group accountability. I will outline what a High Performance team is and how it can be readily incorporated into your Family Business.
The Sell - Hold Decision for Closely Held Family Businesses"Start planning now for your professional life at a company where the boss doesn’t share your last name" by working on your Independent Credibility and Marketability. For the Successor Generation, the issues of Credibility and Marketability come into play when the “safety” of the Family Business no longer exists. The vast majority of family members in a business never develop independent credibility and marketability and are ill prepared for this once a sale is completed. Read more >> |