BLOG | OWNER FINANCIAL GAP
Family business owners are passionate about what they do. They’re working to carry on a business that family built – by their parents, grandparents, sometimes even great-grandparents and beyond. These owners are so busy providing for their employees, communities, and the next generation that they often ignore their own financial future. Boiling it down to its true essence, business is a means to building wealth. And what are we supposed to do with that wealth?
Read PostBLOG | LEADERSHIP
At the age of 20, I was a college drop out. I had changed majors 4 times. I had no path. Unhappily, I left Penn State...
Read PostBLOG | EXECUTION
In case you haven’t heard, building and growing a business is quite complex. It requires people, all of which have different perspectives, personalities...
Read PostBLOG | FAMILY DYNAMICS / GOVERNANCE
Why did I leave a comfortable position in higher education to help family businesses grow, thrive, and create legacies? Here’s a little look behind the curtain.
Read PostBLOG | PROFIT
Here’s a concept that might seem controversial to some. Cash is not about finance. Or accounting for that matter. Cash for a business is like oxygen to a human. Without oxygen...
Read PostBLOG | UNCATEGORIZED
In the last twelve months, I have seen it all in the faces of my clients, my colleagues, and my team. I have felt it with my family, within myself, and my thoughts. While each group faced its unique challenges, there was a common need woven throughout it all for everyone this year. And that is my one word to sum up 2021 – belongingness.
Read PostBLOG | FAMILY DYNAMICS / GOVERNANCE
In working with many families and their businesses, I’ve found that every family has its own unique DNA, behaviors, values, and traditions. Yet, there is ONE theme that made all the families seem very similar...and that is the tension, angst, and, at times, a complete unwillingness to eat a meal together due to a lack of clarity around making business decisions for the family business. How do I help families clear the air of business-related issues so they can share a meal together as a family without tension, drama and strife? Governance and routine.
Read PostBLOG | NEXT CHAPTER
Business owners picture this…you are walking through a crowd of unfamiliar faces, people you’ve never met before...
Read PostBLOG | TRANSITION / SUCCESSION
While I love reading articles like “the top 10 ways to….” or “how to succeed in business without really trying”, sometimes I’m more curious about how to avoid...
Read PostBLOG | SYSTEMS
Have you mapped out your core business systems? Can you ensure everyone on your team understands exactly what is needed and how to complete the required steps of your processes? Are you able to transfer that knowledge to new hires and train them? How will you fill the gap if a key employee leaves?
Read PostBLOG | CUSTOMER
According to Peter Drucker, a customer rarely buys what the company thinks it’s selling. Wait, what? That’s right – what the company had in mind when first creating the product or service is likely NOT the real reason a customer will buy it. This is where I want to introduce the concept of jobs to be done...
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