The Financial Side of Your Succession Plan

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Julie was hiring for a key position in her company, one that would allow her to pull back from the day to day operations so that she could focus on the strategy, and ultimately exit the company. With that piece of the succession plan in place, the next step is pretty straightforward (and you know

Succession Plans Aren’t Just For Retirement

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Make sure your business has this in place before disaster strikes Do you remember our client, Julie? She’s a smart business owner that came to me for help creating her succession plan so that she could exit her business within the next 3-5 years. Smart because she came to me years, not months, before wanting

Why Succession Planning Must be Part of Your Company Strategy

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  Make sure your business has this in place before you retire. One of our clients, Julie, is a business owner that wants to retire and exit her business within the next 3-5 years. Julie was smart because she came to me a few years before she wanted to retire. I get business owners all

The 5 Top Reasons HR Strategic Plans Fail

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If you’ve been reading our blog for a while, then by now you know how to create a strategic plan (and if you don’t, read this). When you have your plan written, however, you’re still not done. You then need to look out for the 5 key reasons that cause HR strategic plans to fail.

Are you still using Band-Aids to cover up your messes?

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  Band-Aids vs. Real Change Band-Aids vs. real change: I’m talking about this topic because it pisses me off. We’ve been working with Blue Manufacturing for over 3 years, and what they continue to call on us for is fix-its. They call us when something’s broken, like a plumber, asking us to come in and

Are you taking this approach to your business problems?

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Picture this: you have a pain that has been bothering you for some time. You go to the doctor and she says she can cure that pain. It would obviously involve some cost, perhaps medicine, or therapy, or surgery, whatever. How many of you would say, “No thanks, I’m just going to live with the

Are Your Customers Using You as a Bank?

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  Most customers do…with your permission! I’ll bet you are too and you don’t even realize it. More on that in a moment… Accounts Receivables: Is this maybe the most boring topic known to man (or woman)? I get it. But hear me out. I had a client send me this the other day: Patty,

One Big Mistake You’re Making with Your Business

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I recently read an article in Inc, “Just Starting Out? Avoid These 5 Startup Mistakes. You’re Welcome,” that made me say “YES!” The author writes, “Whatever you do, do it with a professional” as his fourth piece of advice for small businesses and start-ups. His point? “A penny saved on professional advice today is $100,000

10 Ways to Create a Succession Plan that Delivers Sustainable Business Results

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Companies that have effective succession plans are able to quickly anticipate and fill their gaps, identify high potential employees, actively help them plan their careers, and ultimately align their people strategy with their business strategy. When you do these things, you create the kind of leadership and management capacity that’s going to deliver sustainable business