As an executive search and business owner transition coach I’m often asked to help owners sort through the maze of professional services made available to help them run their business better. It makes sense then to learn why peer advisory boards are one of these professional services, and why they might help you as a business owner in growing your business.
When you decide to sell your business (or someone approaches you to buy it), you have a series of actions you need to take.
Often in business, a manager finds himself making do with an organizational structure that isn’t efficient or effective just because it is ‘in place’ and it will be hard to change. There are several reasons why we may be willing to maintain the status quo. At the very least, re-organizing will change reporting relationships which will ruffle some feathers.
Do any of these comments ring true in your experience? “Oh boy, here we go again, another genius who is going to tell us what to do!” “I just can’t get the owner to listen to me; I have a simple solution to his issue with sales!” “I wish we all would discuss our goals for this next quarter, I am not sure we are all on the same page.”
It’s the responsibility of every business owner to plan for the day when he will no longer be involved in his business. The plan is the process – the sale of the business is the objective. It’s not uncommon for the owner to avoid the process, instead waiting for the objective to occur so he can sign the purchase and sale agreement with a new owner and move on to his retirement – also unplanned and ill defined.
nvariably in business we are faced with the need to fill open staff positions. Employees are promoted, demoted, reassigned or choose to leave. When this occurs, there are a variety of options open to us. Like anything else, filling an open position is a process to be followed whether you are working with a Human Resources department of filling the position on your own.
One of my clients asked me recently if this was a passing phenomenon or a lasting change in management practice. First, he indicated he didn’t understand what it was, didn’t understand why it was needed, and didn’t understand how it could be applied. He was – as he expressed to me – confused. (Maybe that is why I established Peer Advisory Groups?)
By Paul F. Taccini All products have a life span. They are introduced, become successful, grow old and are replaced by new or improved products. At times, companies can become so wedded to a portion of their product line that they allow it to continue even after it...
Most business owners will tell you that there are advantages and disadvantages of delegation, and they will be telling you the truth. The trick is to identify how to use your delegation authority effectively. Here are five steps I have used in my career. Feel free to adapt to your business.
Did Albert Einstein really write about leadership coaching directly? No, but here’s where his inspiration can help all of us. One of the greatest creative thinkers in the world wrote a bit on many things, some of which can be applied to the practice of leadership coaching.