Succession planning for closely held business owners is a bigger challenge than getting the business launched. During the launch and growth stage, the owner is very much in charge. They live with the consequence of their decisions. Some are very good. Others are “opportunities” to learn what not to do next time. In succession planning, getting it …
Leadership
When You Hire Your Children
As a business owner, sometimes we dream about having our children follow in our footsteps. Maybe they won’t make a career of working for you but you may hire them for a chapter of their lives. What is your motivation? Is it to teach them the self-worth lesson of work? Get them away from playing video games? Interacting with other responsible adults? …
The Fine Art of Listening
"People don't care how much you know until they know how much you care." I don't know who to attribute that saying to, but I have heard it for years, related to personal interactions as well as in business. There are other businesses where it's more obvious that purchase decisions are made on emotions such as when you buy a car or a house. You'll hear "it …
Distractions
We’re living in a multi-tasking society. The belief exists that the busier you are the more productive you are. Or, perhaps you feel more important because you have such a busy schedule. Did you grow up doing your homework in front of the TV? There’s a sense that we can manage both tasks with the same level of focus and efficiency when we do both at the same …
