How do you build a business with staying power into the future? How do you create an organization that continuesgrowing no matter what happens in your markets? The most popular question I get at the 19th hole is how entrepreneurs can continue to build the value of their business and have…
In my last few posts, I explained why it’s likely you’ll have a difficult time selling your business if you intend to exit over the next 15 years, and what you need to do to increase its value so your business is one of the few that proves profitable in…
Bill Gates once said, “Take our 20 best people away, and I will tell you that Microsoft would become an unimportant company. “At the time of the quote, Microsoft had over 400,000 employees across the globe and over thirty billion dollars in the bank to invest in future business opportunities….
What are the most critical needs for growing organizations today? As the world continues changing, it is critical to help develop leaders who can work well on teams, but also be leaders in their own right. As we see many of our mid-level leaders moving towards retirement, many of our…
In my last post, I discussed the upcoming oversupply of companies for sale in the next 15 years, and why many of those company owners will be forced to resort to liquidation to recoup a fraction of their investment. I also suggested that if you don’t want to be one…
The world lost a great person this week with the passing of Robin Williams. I love good comedy and Robin Williams was one of the rare comedic talents of our times. It’s ironic that he might be remembered more for his inspiring roles as an actor than as a comedian….
More than 70% of private business owners will exit their company in the next 15 years. Those business owners are usually expecting big outcomes from the sale: they’re hoping to use that money to retire on, maintain their lifestyle as they turn their attention to other projects, or benefit a…
All great leadership teams have several things in common. You might not see them from outside, but when you work with them on a regular basis these commonalities become very clear. There are many leadership myths we accept because they make sense, but, in reality, fail to help build an…
Last week we talked about how to make HR a critical element in your growth strategies. Today, I’ll share several ideas that can help you compete for the best people in your markets. Many growing industries are struggling to get the right people on their teams. It is critical for…
For many years leaders have been saying that people are their most important asset. Over the same years, we’ve seen people struggle to find the right opportunity to grow and be more successful. What would happen if, as senior leaders, we created a new employment agreement that takes both parties…