If planning to transition out of your business, consider selling to an ESOP as a strategic solution. Everybody wins. See how.
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Corporate Culture Consultants would do well to learn how Malcolm Gladwell links our cultural legacies to how we make decisions.
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Could Business Continuity Planning have helped victims of Hurricane Michael?
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With 10,000 baby boomers reaching the age of 65 every day for the next 15 years, you can expect it to impact your bottom line unless…
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Family businesses needn’t fall victim to the Peter Principle, but all too often they do and profits suffer.
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The real value of a strategic plan may simply be to help clarify the organization's plans and ensure that key leaders are all "on the same script". Far more important than the strategic plan document, however, is the strategic planning process itself.
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As information becomes more ubiquitous and fluid, long held competitive advantages slip away. They don’t have to disappear though. Learn how strong cultures and emotional intelligence can restore that competitive edge.
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Strategic planning is critical to aligning behaviors and quelling the dissonance that accompanies confusion. Strategy maps are an elegant and efficient way to communicate your family business vision and just how you intend to make those dreams real.
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Scientific evidence demonstrates how noise impedes effective decision-making and costs us billions. Your family business is not immune.
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Setting the tone for a high performing organizational culture starts with leadership. Leadership absolutely matters! In fact, this may be even more critical in family businesses where familiarity and “this is the way we’ve always done it here” can create a sense of nonchalance.
In Family Businesses, just like any other business, culture matters to the bottom line. Where harassment is part of the cultural norm, the impact is even graver. Don’t think a perfunctory shot at harassment training will do the trick either. Real change, the kind that is needed, must come from the top.
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When is the last time your family business benefited from your mistakes? In developing your strategic plan, have you set up your internal business processes to provide the opportunity to learn and improve? Why not?
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You know how to run your family business successfully. Do you know how to exit it just as successfully? Probably not and you are not alone. The steps along the process are critical to getting it right.
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Toxic Corporate Cultures are debilitating. Creating an intentional culture aligned with your mission ensures your family business employee engagement, retention, and sustained profits.
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Consider Mindfulness, Tai Chi, or Transcendental Meditation in reducing stress and increasing creativity in the workplace. I’m not kidding! How smart leaders are introducing ancient productivity tools.
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It is no secret that leadership is widely recognized as critical to an organization’s success and all too often in short supply. Government is especially the target of this lament. How refreshing then to discover enlightened leadership hard at work right here in Hillsborough County. My good friend Brenden Chiaramonte works as the Executive Assistant to Doug Belden a pioneer in fashioning organizational culture to deliver results that benefit taxpayers.
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For most of us thinking about how best to improve our processes, deliver better service and wring out unnecessary costs does not include thinking about a Mass Casualty Incident (MCI). Read this abstract and take note to the lessons that could apply to your business even if lives do not hang in the balance.
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Should building our workforces be transactional or relationship based? If you think strategically, let me explain why an important competitive advantage points to the latter choice as the better choice.
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Family Business Founders’, Wealth Managers, Advisors as well as those who stand to inherit most often fail to ask a very important question. How to prevent the inheritance of wealth from ruining the lives of those who receive it.
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Good leaders understand that the most significant threat to data security is employees because they have too little working knowledge.
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