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Every business owner likes to think they are unique, different and better than the competition. Yet often when asked what makes them different from everyone else, their response is either overused terminology, a labored search for the right words or awkward silence.  True differentiation comes from having a real plan – a strategy – for growing the business.   Try these two tests to vet your... Read the Full Story
Posted by Tom Garrity on January 25, 2018
Think about it. Would you enthusiastically hire everyone on your team?  No company can outgrow its leadership team. They are the ceiling to growth.  Either they get smarter, or you bring smarter people to the team, or you stall. And stalling for too long leads to decline.    Great leaders are not necessarily big charismatic personalities. In fact, most of the time they aren’t.  They are the... Read the Full Story
Posted by Tom Garrity on January 11, 2018
How a bad hire could set your business back for months By Tina Hamilton, PHR, President and CEO of myHR Partner, Inc.  As the owner of an HR outsourcing firm, I get asked on occasion about what is the one piece of advice I think just about all companies should know when it comes to hiring practices. While there are quite a few things you can probably do differently to attract talent to join your... Read the Full Story
Posted by Tom Garrity on December 13, 2017
One thing I can guarantee every business owner – 100% of them will exit their business at some point in time. The question is will it be on their terms or someone else’s?  Business is hard.  Trying to grow while dealing with all the challenges presented by employees, customers, competitors, vendors, and banks is challenging. Seems like this juggling act can occupy the whole day.  It is this... Read the Full Story
Posted by Tom Garrity on October 11, 2017
 “We need more accountability and better results.”   Ah, if only I had a dollar for every time I’ve heard this statement. In fact, I can’t think of a business owner whom I have met or worked with that didn’t have an issue with accountability going MIA at some point in their company.   Accountability seems to be eluding a lot of us. Yet there is a simple solution. It is called rhythm – meeting... Read the Full Story
Posted by Tom Garrity on September 27, 2017
There are essentially two paths you can take when it comes to transitioning the ownership of your business – an internal transfer or an external transfer.  Each path offers several options.   One thing is clear– you will eventually exit your business, either on your terms or someone else’s.    Getting out of a family business is a lot harder than it was getting in. There are a myriad of... Read the Full Story
Posted by Tom Garrity on September 13, 2017
As I’ve shared in my last blog Processes – Part 1, a company cannot scale up without sound processes in place. Creating processes is important. Documenting them is even more critical.  What every successful company has - and what every wanna-be-great company needs - is a manual. A go-to document that lists every critical function needed to run the company. Or in engineering-speak, a group of... Read the Full Story
Posted by Tom Garrity on August 30, 2017
This is Part 1 of our Blog on PROCESSES  Ever wonder how Amazon grew to become the world’s largest internet retailer? Or how NASA successfully put astronauts into space? Or how you can scale up your company? Simple. Processes.   Wikipedia defines a process as “a set of activities that interact to achieve a result.”  More specifically, a process allows for fewer resources to be used more... Read the Full Story
Posted by Tom Garrity on August 23, 2017
I love the analogy of watching a group of kids playing basketball, and guessing whether they are serious or just messing around.  Messing around includes a lot of traveling, behind the back moves, 3 pointers from the park…you get the idea. But when the game is on, it’s clear that things are serious. They are ready to prove that they have mastered the game. Then there is posting in the paint,... Read the Full Story
Posted by Tom Garrity on August 7, 2017
This is the 4th blog in our series “The 8 Steps to Overcome the Big 5 Frustrations Business Owners Face.”  Part of the challenge in family business, or any business for that matter, is that the world does not stop and allow you to pursue your strategy in a nice, orderly fashion.  Whether it is internal or external, issues pop up throughout the course of the day in any business: employee issues,... Read the Full Story
Posted by Tom Garrity on July 27, 2017

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