Succession

The Thinking Behind The Tweet There are only 2 types of people who experience meaningful success in business: Those few, the intuitive, who somehow naturally…

I found myself comparing business success to sports success. I concluded it would definitely fall in the zone of some sort of endurance competition…an…

...creating simple tools to help expand the use of SWOT . For example, the following simple table helps focus thinking and discussion on S & W & O & T while…

On the other hand... 1. Planned exits bring more money 2. It’s best to sell when buyers want to buy 3. It’s best to deal 1-on-1 at the ‘C-level’ 4. Creative…

When a mentor is mentoring an employee the mentor uses criticism most sparingly if at all. In addition, the mentor refrains from sharing those criticisms…

The Thinking Behind The Tweet Make sure this person knows he or she is your most-trusted business ally. Make sure this person wants to be in that role. Do…

There are many different ways to structure arrangements tied to succession planning and selling ownership shares. When selling ownership shares as part of…

A business owner drives business value by understanding self and understanding others, exercising self-control and influencing others to do the same…

Some day you and your business will part company. Based on our Spirited Leaders’ experience, it appears about 2/3 of small-business owners do not realize…

Yes – there are many other reasons why you are driven to be in business. Regardless, you are in business to generate money. You have set a plan for your…

Covering personal-money needs: that’s an iterative process. Do not expect perfection and do not waste time on details. In reality, none of us can forecast…

Regardless of what you are trying to build in your business, you will need the effort and results of other people. If you mention that to business people…

Thought Tweet #865.5 Some people view succession planning as the last big step rather than a design/build process. The Thinking Behind The Tweet Succession…

Thought Tweet #829 Nurture and develop a successor for your business. Mentor this person. Partner with this person. The Thinking Behind The Tweet Make sure…

Thought Tweet #828 Failure to spend up-front time building a succession plan that incorporates other people ensures two problems. The Thinking Behind The…

When you reach a point in your business where you are juggling too many balls and you begin to drop them. When you want to free yourself of work in areas…

Thought Tweet #784.5 Two differences between Coaches and Mentors : Mentors have done it & Mentors introduce you to the right people. The Thinking Behind The…

When should business leaders seek "outside help"? When I use the words "outside help" I mean help from mentors, coaches, consultants, etc. Business leaders…

According to a recent poll 1 of small-business owners, 24% have a succession plan for their retirement. When asked about how the business would be handled at…

" To Gift or Not To Gift ", that was the question...at CFFB' s March breakfast. At our breakfast event, Tom Deans explained why gifting a family business is…

As soon as you enter the offices of Menno S. Martin Contractor Limited, you will notice it is a comfortable place. That was my first impression, the first…

Flanagan Foodservice Inc. is another local family business success story. The members of our Centre For Family Business, CFFB , got to learn some of the…

The best of mentoring happens 'naturally' when an eager-to-learn business person 'connects' with a more-experienced business person who is eager to teach…

Robin Todd, President/CEO of Marks Supply Inc., was the special-guest speaker at CFFB’s October breakfast. Robin shared her family-business story and she…

David Wood spoke at CFFB’s April 29th breakfast…telling his family’s 3-generation business story and providing education and recommendations about strategic…

Two separate paths came together. One path started at a farm near the Pioneer Tower, by our Grand River. The other path started in England…then crossed the…

When you sink that absolutely amazing putt at the Conestoga Golf Course do you think of the Wright family? Well, if I ever manage to sink a long putt then I…

The disciplines of mathematics taught us ‘first principles’. Like first principles, statements of business premises provide a grounded starting point for…

This is blog #3 in an 8-blog series about Powerful Answers to 7 important business questions. The series is intended to be an introduction to strategic…