Is Your Business Just a Job?
One builds income. The other builds wealth.
Tag: Succession
100 years established….so what?
100 Years? So What.
Succession kills most businesses. Here’s how to survive it.
3 learnings from trading businesses
This Week@Work there are fundamental lessons we can draw from trading businesses that apply to all businesses: Balancing supply & demand; customer concentration, and managing working capital.
Gone fishing for clients
Finding clients & customers takes time and money. To optimise your return on those let’s look at 3 strategies to land the right fish.
Mind the generation gap
This Week@Work in businesses where there’s a significant age gap between the founding partners, there’s inevitably a disconnect around ambitions for the business. How can both partners extract value when their visions no longer align?
Have an extra chair at every discussion about your business
This Week@Work, in any debate, negotiation or conflict between business leaders, always add a chair to the table for The Business itself.
Need. Want. Purpose
This Week@Work, growth is essential and there are three key drivers for any business owner that will power you to power your business growth.
Make the M.O.S.T of your Time & Attention
This Week@Work how can we make decisions amid so much uncertainty? You have to make the M.O.S.T of your time and attention to simplify the noise of running a business and focus on growth & value.
A vision for you, and your business
This Week@Work if you want to grow, you need a vision for yourself, and for the business. The two need to match and marry but the vision for the business should transcend your lifetime to inspire your team, and ensure the longevity of the business.
Successful Succession
This Week@Work: an aging Baby Boomer generation will start looking to exit their businesses in the near future, creating a scenario where there are more sellers than 3rd party buyers. The alternative, transferring ownership to the next generation requires careful structuring and planning, which needs to start now