2025 is just around the corner and business owners are busy planning for a new year, again facing unknowns – politically, economically, and globally. Here are three critical elements of your business that deserve your focus. STRATEGY As you plan for the new year, take time to reflect upon what is at the foundation of …
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Whatever your business or its size, tracking progress against your goals can help you better understand where to focus your attention. Taking time to identify the critical levers that drive your business is the first step. Key Performance Indicators (KPIs) are measurable objectives that align with specific strategic goals for a defined period of time. …
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You’ve heard a lot from me recently about the importance of working ON your business – rather than just IN it – and setting aside time every week to do so. One of the best uses of that time is starting – if you haven’t already – and developing your exit plan. “Why?” you ask. …
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As business owners and leaders, we know that working ON your business (not just IN it) is the key to keeping your company on track, moving in the right direction, achieving success, and sustaining growth. It is easier said than done, but there are specific actions you can take to make this process a habit. …
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In my most recent blog we delved into Patrick Lencioni’s concept of “Working Genius.” Lencioni has identified six gifts, or talents, which are innate to individuals, regardless of their level of training or the positions they hold in a company. He advocates that these qualities are crucial to all businesses. In this blog, we take …
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The right skills and knowledge are obviously essential if job roles are fulfilled well. But according to Patrick Lencioni, author and creator of The Six Types of Working Genius, there is more required – that cannot be bought or learned – for truly excellent individual performance, which translates into success as a company. Lencioni has identified …
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As a business owner and leader, working ON your business – not just in it – is imperative if you’re going to keep your company on track, moving in the right direction, and reaching the milestones identified for your success and sustained growth. What does that entail? Working ON your business can be summarized as …
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Exit planning is focused largely on optimizing the value of the business, which means you need an understanding and a focus on value drivers. Why is this necessary? The initial steps in an exit plan are straightforward: Choose an exit date. Document foundational information about the company and your exit objectives. Obtain a current valuation …
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A borrowed portion of a well-known quote by Forbes Magazine founder, Malcolm Forbes, — “…the art of thinking independently together” — is an enlightened way of saying, “Two heads are better than one,” an expression many of us have likely heard all our lives and benefitted from its application. The basic concept is not new …
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If you started 2024 with New Year Resolutions but have struggled to stick with them, there may be good reasons. Some of the reasons people fail at NYRs may also be why business owners might fall short of their goals. These include things like: Too little commitment, not a priority. Not enough time or it …
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