Whether it’s downsizing, reorganization, or employees choosing to leave, companies continue to get leaner and leaner. The workforce that remains faces an increased workload and fewer resources to work with. If not addressed appropriately, this could lead to higher turnover. What can a leader do to develop and inspire loyalty?
We are beginning to see turnover at the top of many family and privately held businesses. Estimates are as high as 10,000 baby boomers retiring every day. How many of them are your critical team members? Have you created a business that extends beyond this generation of leadership? Judging by…
Last week we talked about seizing opportunities. I got several notes saying it sounds simple to seize opportunities when you’re sitting in your great corporate job. How hard can it be to choose great partners when you’re able to attract the best the world has to offer? How can I…
We live in a time of unlimited opportunities for entrepreneurs. Around every corner and behind every call, there are new opportunities to explore. So how do you pick the best opportunities for your business? Can you become good at seizing opportunities? I’ve been involved in Joint Ventures (JVs) and strategic…
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…
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…