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Why Bother Doing It the Hard Way? (9/12/2018) - Whether you want to sell your business next year or a decade from now, you will have two basic options for an external sale: the financial or the strategic buyer. The Financial Buyer The financial buyer is buying the rights to your future profit stream, so the more profitable your business is expected to be, […]
The Best Leaders Empower Others (9/6/2018) - We become more powerful when we empower others. Great leaders unleash the leader within each person, liberating them to use their own power. Everyone wants to feel like they are contributing to the vision. You can empower others by acknowledging their strengths and potential contributions. First, identify their strengths. Ask people what they think are their strengths and the strengths of the other […]Thinking Vs. Doing: The Owner’s Dilemma (8/31/2018) - There’s a steady breeze from the northwest, which cools the warm Caribbean afternoon. Framed between a palm tree and the turquoise water, you notice a man reading. He appears to be working, which seems strange given his appearance: shaggy blonde hair, linen shirt, surf shorts and flip-flops. You squint and realize the man is Richard […]
The Power of Consistent Evaluation (8/20/2018) - Evaluate every aspect of your organization on a regular basis. To ensure focus, productivity, efficiency, and successful results, everything from your people to your processes to your systems to your priorities to your projects needs to be consistently evaluated. Think of it like giving your organization a regular check-up to make sure it’s performing at an optimal level. Many executives focus on […]
Six Ways to Profit From Your Vacation (8/13/2018) - Summer is almost over, and many of us are getting in those last weeks of vacation before Fall. Although it may seem strange, now may be the perfect time to increase the value of your company. The most valuable businesses are the ones that can survive without their owner. A buyer will pay a […]
How Three Moves Quadrupled the Value of this Business (7/26/2018) - Are you stuck trying to figure out how to create some recurring revenue for your business? You know those automatic sales will make your business more valuable and predictable, but the secret to transforming your company is to think less about what’s in it for you and more about coming up with a reason for […]
3 Steps to Solve Problems More Effectively (6/28/2018) - You can tell the effectiveness of a leader by the size of the problems they tackle. More responsibility brings greater problems and bigger decisions. If the problem was easy to solve, someone else would have already solved it. As a leader, you already understand the value of solving problems. Now it’s up to you to help others solve problems more […]
Build a Culture of Continuous Improvement (6/18/2018) - Organizations can always improve something. Nothing is ever flawless, no matter how much we wish it could be. If you accept this reality, you can help your team create an environment of continuous improvement. When we accept that flaws exist, we provide the freedom to focus on improvement. When someone makes a mistake, correct it and continue on toward your objectives. Encourage […]
How Executive Leaders Make Tough Decisions (6/14/2018) - Making clear decisions is a critical factor to effective leadership. However, many executives suffer from decidophobia, the fear of making tough decisions. Decisions take courage, and courage means taking intelligent risks to move the organization in the direction of the vision. It’s important to gather data and perspectives, and you can use several decision-making models to help you do it well. However, […]
The Most Effective Leaders Never Stop Learning (6/4/2018) - Great leaders are great learners. Getting feedback from others allows you to continue to learn and grow. Just like you want your team and your organization to improve, you also want to improve yourself. Ask others for feedback on a regular basis. Some leaders make the mistake of thinking they need to have all the answers. Successful leaders never stop learning […]