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Developing your company’s strategy can be daunting.  Where do you start?  Who should be included in the planning sessions?  How do we get to a meaningful plan that can be implemented?  How do we make sure this isn’t just an intellectual exercise?  Building a good business comes down to 3 fundamentals…the same 3 we use as a parent raising kids: 1.     Have a handful of rules 2.     Repeat yourself... Read the Full Story
Posted by Tom Garrity on December 20, 2016
We live in a harried world.  Everything is changing, and it’s changing at an accelerated pace.  Sometimes it just feels like it is going to spin completely out of control.  At our core, we long for happiness.  For many of us, our belief is if we work harder to become more successful, we will find our happiness.  But I’m going to suggest we have the formula backwards.   In his book, The Happiness... Read the Full Story
Posted by Tom Garrity on December 7, 2016
If you had $1 million dollars of cash stashed under your bed, you would check it regularly and take all the precautions necessary to ensure its safety.  Of course.  However, we all have one possession that is more valuable than money – and that is time.  Yet many of us do little to protect it.  In fact, we give it to thieves – selfish people, egotistical people, negative people, abusive people,... Read the Full Story
Posted by Tom Garrity on November 22, 2016
How do I create an exit plan?
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.   How do you determine which one is right for you? For a family business owner, few questions require as much soul-searching as the issue of whom to transition ownership to when it’s time for you to retire.  ... Read the Full Story
Posted by Tom Garrity on November 7, 2016
Is your business for sale every day?
The statistics of family business transition success (or lack thereof) are well known: Just 33% make it to the second generation, and only 5% make it to the third.  Rags to riches to rags.   Many family owners think legacy is about maintaining the ‘business’ for future generations.  But this thinking is probably the #1 reason family businesses don’t survive.  The purpose of the business is to... Read the Full Story
Posted by Tom Garrity on November 1, 2016
One of the biggest traps I see family business owners fall into is the “I’ll sell my ownership when I retire” trap.  Remember, the only reason to get into business is to get out.  And getting out is a lot harder than getting in.   There are many family business owners who proudly tell me they have reinvested all the business profits back into the business.  While this is probably a good idea... Read the Full Story
Posted by Tom Garrity on October 11, 2016
Thirty years ago, Robert Fulghum published a simple credo—a credo that became the phenomenal #1 New York Times bestseller titled All I Really Need to Know I Learned in Kindergarten. The book is spun with Fulghum’s musings on life, death, love, pain, joy, sorrow and where to find the best chicken-fried steak in the USA. If you haven’t read it recently or never did, do yourself a favor and read it... Read the Full Story
Posted by Tom Garrity on September 13, 2016
Business Owner Strategy
As a business owner, you understand commitment. You give up your weekends when there’s work left at the end of the day. Your weekends suffer because of that emergency that can’t wait until Monday. Your sweat is what keeps the company moving along. But are you committed to creating a business that truly supports your life?  In order to run your business instead of allowing it to run you, your... Read the Full Story
Posted by Tom Garrity on August 23, 2016
 The very thing that gets a CEO to the top, can also be an Achilles' heel. The transition from ‘player mode’ to ‘coach mode’ is a mindset that at first glance sounds easy, even refreshing – “Hey, I’m no longer responsible for doing all the work around here.” Yet many CEOs never make that transition; instead they get drawn into ‘doing the work’ as if there were some magnetic force pulling them... Read the Full Story
Posted by Tom Garrity on August 16, 2016
This is in memory of my nephew Sam Garrity.   The following is a reprint from online publication Reddit, written four years ago by G Snow.  Not sure who G Snow is, even if he/she exists really exists.  But this advice is about as good as it gets. The original post simply read: “My friend just died. I don't know what to do.”   Here was redditor G Snow’s moving advice:   Alright, here goes. I'm... Read the Full Story
Posted by Tom Garrity on August 3, 2016

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