In my role as a coach I work with CEOs and their leadership teams to help them put systems in place so they are capable of confidently predicting the future growth and profitability of their business.
One of the key things we do as part of this process is produce a 3 year financial forecast. This is a great way of looking at future sales, profitability and cashflow. However, this only works if you get the input of the entire leadership team and not just the finance function.
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.
If there’s a small silver lining to the COVID-19 pandemic, it’s the opportunity that many companies have had to make their operations remote.
With 2019 in full force, I’m working at putting more focus on…well, focus. Here are 5 habits I’m working to avoid that can throw you off your game…
Handing Over the Reigns is a must read for anyone who is contemplating passing their business on to the next generation. This book is based on Richard’s experience in a 4th generation 100 year old family business and from the work he has done with many other privately held companies in the UK and USA.
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