Blog Archive
Succession Planning: How to Set Your Business Up for Long-Term Success
Businesses with an effective succession plan hardly miss a beat when leaders leave—whether they leave on schedule or unexpectedly, and only 35% of businesses have succession plans in place. Further, of those businesses that have implemented succession plans, most have only done so for the CEO position.
The 7 Fundamentals of Business Turnaround: Strategies for Success
In this fast-paced world, where business landscapes can change in the blink of an eye, a well-crafted turnaround plan becomes the linchpin between survival and failure. When the going gets tough, a fresh perspective from the outside can work wonders in helping you refocus on the core principles that can steer your business back to success.
Being Coachable for Business Success
I spent last week in London where I had the pleasure of attending Wimbledon with my wife and some close friends. Undoubtedly these players are gifted athletes but without the guidance of a good coach would they make the changes necessary to reach the top? It is the same in business.
Demise of the Top-Down Model: 3 Rules for Employee Engagement
During my recent travels to California as a CEO and leadership team coach, I read a Gallup article about productivity that echoed my sentiments about the future of business leadership. In past generations, management was about control. In general, managers could be counted on to be senior staff members; their experience was comprised of hard earned knowledge about company processes and procedures, and good leadership was based on enforcing these.
The Gift of Feedback
I recently spoke to YPO Guatemala, in Guatemala City, which was a great experience. I shared with them a three hour interactive workshop on leadership succession planning. What made it a great experience was their willingness to participate fully in the discussion and group exercises as well as their warm generosity in the way that they hosted me while in Guatemala.
7 Signs You May be a Bad Boss
Nobody likes to think of themselves as a bad boss. But in my travels through the leadership keynote speaker world, I’ve met so many current and aspiring leaders. And whether they’re newly minted managers or seasoned C-suite types, regardless of their leadership tenure, it’s quite common for people to have a few blind spots around their own leadership styles.
Cherishing Personal & Business Relationships
February is the peak of downhill ski season and the time of year when I enjoy spending as many days as I can on the slopes. I try to combine my passion for skiing with the opportunity to spend time with people whose company I enjoy and find stimulating. This past month I was fortunate to rekindle some old friendships with some close friends I haven’t seen in several years.
Recession-Proofing Your Business
Navigating Your Business through Challenging Economic Times – In this episode, we welcome entrepreneur, author and leadership expert Richard J. Bryan to offer his expertise on ways to recession-proof your business.
The Value of Retaining Talent in a Competitive Market
As a family business owner, you may be feeling pressure to reduce staff, but the old adage that a bird in the hand is worth two in the bush is particularly apt when it comes to your employees. Despite the concerns about inflation and the push for layoffs, the companies that keep staff on the payroll will have a distinct advantage.
Developing Successful Leaders in the Family Business: 3 Tips for Creating Positive Outcomes
It’s easy to think of succession planning as something that happens at the end of an era. But for a family business to survive and hopefully one day thrive, it’s actually a lifelong process that should be running in the background at all times—and coming into the foreground during key transitions. With this in mind, here are three essential tips to ensure you’re setting the next generation of leaders up for success in the way of family succession planning.
4 Tips for Developing Your Company’s Future
As a succession planning keynote speaker and author, I talk a lot about Millennials in the marketplace, who comprise half the current U.S. workforce and expected to reach 75% over the next five years. But recently, I’ve begun to field questions about preparing the next generation of leaders during this incredibly pivotal time. Today, with the oldest in this massive and complex demographic turning 40, and already exploring the upper echelons of leadership, the NEXT generation of leaders are just now entering the workforce.
Leadership During Crisis: 7 Qualities That Make a Survivor
There’s nothing like a legitimate crisis for teaching business leaders what they’re really made of. As someone whose early days in the family business were defined by crisis leadership, I could not agree more.
But I didn’t do it alone. The leadership during adversity in question was delivered by my mentor, business turnaround specialist Frank
