The combination of family and business is always a challenging one – and never more so than during the changing of the guard. As I’ve seen first-hand, both during my travels as a succession planning speaker and in my experience taking over my family’s business, firm boundaries, and indisputable objectivity are essential to the succession planning process. As a succession planning speaker, I’m often asked for common succession planning scenarios in which a Board of Advisors can be particularly helpful.
Blog Archive
5 Ways Leaders Undermine their Teams’ Success
It may sound counter-intuitive, but one of the reasons I’ve been so successful as a business turnaround speaker is that I’ve experienced nearly ALL of my clients’ challenges first-hand. There are countless situations in which we can unknowingly stand in our own way—here are five scenarios I see most often in my work, and how to get around them.
Why Families Fight During Succession and How to Stop It
It may not surprise you to learn that many businesses fail to survive the succession process and fall prey to family infighting. Here are a few reasons conflict situations that might arise during this complex and emotionally charged time—and how to defuse them.
3 Ways to Reclaim Your Commute
While I don’t really have a commute, per se, as a succession planning speaker I spend a fair amount of time traveling. And it seems I’m not alone; a recent AAA survey found that the average American adult spends about 300 hours—or nearly two full weeks’ time—in the...
4 Ways Millennials Can Actually Make Your Company Stronger
If you’ve been reading the news at all in recent years, you may have noticed a mounting “body count” of all the industries and institutions Millennials have, according to clickbait journalism, allegedly “killed” with their complex and mercurial ways. Shouty headlines seem to announce a new “death” every day – RIP, American Dream…and thanks for nothing, Millennials!
BUSINESS CONTINGENCY PLANNING: WHAT, WHY + HOW
As a succession planning speaker, I’m often asked about business contingency planning within the larger context of succession planning—are the two ideas related, and how? The answer isn’t difficult to understand, but it does require a bit of clarification.
INTERVIEW WITH JENA RODRIGUEZ
Listen to Richard’s interview with Jena Rodriguez …
3 WAYS TO TURN NEGATIVE FEEDBACK INTO A POSITIVE
While criticism is essential to the process of professional growth, no one enjoys getting negative feedback. I’ll share a few simple mindset adjustments that can make the process quite a bit more tolerable—regardless of whether you’re on the giving or receiving end.
DECLUTTER YOUR BUSINESS FOR A WORK LIFE THAT SPARKS JOY
There’s a lot to be learned from Marie Kondo and her viral KonMari tidying system. Here’s how to translate Marie’s ideas to a professional setting, for more joy from 9–5.
BUSINESS NEXT PRACTICES: 4 TIPS FOR CONTINUOUS OPTIMIZATION
If you adopt one business next practice this year, let it be…
BEGIN WITH THE END IN MIND
This blog, Begin with the End in Mind, is the first in my new Succession Planning Blog Series. I hope you enjoy this series of blogs dedicated to helping you plan for the future success of your business.
5 Foolproof Strategies for Beating Decision Fatigue
At the core of the Entrepreneurs’ Organization (EO)‘s mission is an unwavering commitment to helping entrepreneurs at every stage learn and grow. During Global Entrepreneurship Week, November 12-16, EO is hosting EO24/7, a …