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Most business owners who are asked about their exit plans will reply that they want to exit their business ‘in about 5 years’. In reality, this 5-year window is a subconscious resistance to beginning the process of planning for an exit. This is a true statement evidenced by the fact that the same owner will – almost always – give the same ‘5-year answer’ when you ask them about their plans for an... Read the Full Story
Posted by Tom Garrity on March 1, 2016
Why don’t more employees do what they are supposed to do?  Author and consultant William Schiemann might have part of the answer—only 14% of the organizations he polled report that their employees have a good understanding of their company’s strategy and direction. For leaders looking to close the alignment gap in their organizations, here are three key steps: Develop a clear, concise, agreed-... Read the Full Story
Posted by Tom Garrity on February 17, 2016
When the stakes are high and strength of the family is needed most, family businesses need to have some processes in place to build that strength before it is needed.   Here are some suggestions for family leaders who want to strengthen family connectedness. Conduct family meetings. Working collectively toward a shared goal “builds the muscles” that help a family stay focused on the big... Read the Full Story
Posted by Tom Garrity on February 3, 2016