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Insights, tools, and training straight from the team at Compass Point
BLOG | LEADERSHIP
Motivational Posters Will Not Get You to Mars
Core Values are a handful of rules that remain constant, a way of being or believing, that your company has in place and lives by every day. These are not concepts that can be “trained” into an employee. They either have similar values or they don’t. It’s really that simple. Core Values are an integral part of your company’s DNA. Here are 3 questions that will test whether you have chosen the right ones...
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BLOG | LEADERSHIP
Barely Surviving This Level
What is standing between you and your best? What is keeping you from being your best? What’s holding you back? What to do when your current self is barely surviving?
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BLOG | NEXT CHAPTER
What is Your Lifestyle Number?
More often than not, when I ask business owners what their lifestyle number is I hear either “I don’t know” or “I THINK I need (X)”...
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BLOG | NEXT CHAPTER
The 8 Family Business Transition Options – Which Will You Choose?
According to a survey conducted by the Exit Planning Institute, a staggering 75% of privately-held business owners regret selling or transitioning out of their business within 12 months of the transaction. How is it possible that owners are so disappointed just one year after what should be the happiest day of their life? There is a disconnect between their head and their heart.
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BLOG | LEADERSHIP
Business Value May Start Here, But It Can’t Stay Here
Business value is all about business transferability. That value initially started with you, your hard work, and the relationships you built. Y-O-U. But the value can't stay with you. Why? Because the more transferable your business is, the more value it has. And that comes down to one question: “Can your business run without you?”
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BLOG | LEADERSHIP
3 Business Resolutions Every Owner Needs to Improve this Year
Studies show that just 8% of people who make resolutions achieve them. Just 8%. That means 92% fail. So as the company P&L resets to zero soon, what business resolution will you make? Not sales projections – a business development resolution, make that commitment.
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Working “ON” the Business, not “IN” the Business – A necessary CEO transition
The very thing that gets a CEO to the top can also be their 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.
Read PostBLOG | FAMILY DYNAMICS / GOVERNANCE
Three Ways to Strengthen Family Connectedness
When the stakes are high, the strength of the family is often needed most. Therefore, family businesses need to have processes in place to build that strength before it is needed. Here are some suggestions for family leaders who want to strengthen family connectedness.
Read PostWhere Family Businesses Come to Grow & Learn
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