Succession Planning

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 mistakes or pitfalls.  This leads me to today’s topic: how to fail at family business succession planning. 
First, what is a succession plan?  Before I tell you how to avoid failing at it, it’s best that I define it first. ... Read the Full Story

 
“The father buys, the son builds, the grandchild sells, and his son begs.” Scotland
“Rice paddies to rice paddies in three generations.” Japan
“Clogs to clogs is only three generations.” England
“Wealth never survives three generations.” China
“Shirtsleeves to shirtsleeves, in three generations.”  United States
 
It’s a common phenomenon around... Read the Full Story

Well, if you haven’t been informed by now, here is your announcement: I’m pregnant!
 
I have been waiting for this for a long time, and it’s here. Not really planned…just a total, joyful, surprise!  We could not be more ecstatic for all of the new beginnings already happening in our lives!
 
BUT…... Read the Full Story

How do you get your family business to ‘run well’?

... Read the Full Story

 

 

One of the most provocative questions I ask clients is“would you enthusiastically rehire everyone on your leadership team?”

Typically once they’ve processed what I’ve truly asked them, their eyes widen and I get an immediate “NO.” Or I get a long pause, sometimes an eye roll… and you can immediately feel the tension fill the room like a thick... Read the Full Story

 
 
As a new member of the Compass Point family, I would like to share how my myriad of life experiences landed me on the most perfect seat on the Compass Point bus. And why not have some fun using a classic TV theme you might just recognize.
 
 
“Beam me up, Scotty” - Captain James T. Kirk... Read the Full Story

No company can outgrow its leadership team.  I’ve never seen one, and pretty sure I never will.  The leadership team is the ceiling of growth.   

But it’s more than the right people, right seats.  As Pat Lencioni, in his book The Advantage, states, “Organizational health is the last untapped competitive advantage out there, and it’s more important that all the others ever were.  It is... Read the Full Story

Knowing what you know TODAY, would you enthusiastically re-hire everyone on your team?
 
What was your first thought? (It’s okay to be honest here.)
 
That question is usually met with a few laughs when we ask it. Then we often hear, “NO, I wouldn’t re-hire some, let alone enthusiastically re-hire them!
 
Great... Read the Full Story

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