Tag: Succession Planning

How to ensure a seamless leadership transition

Discover the importance of succession planning for businesses, especially family-owned enterprises. Join us as we speak with Peter Blassis, Senior Risk Advisor from Honan Life Insurance Group.

If you’re thinking of selling your business, make sure its digital footprint is spotless.

Some years ago, I was advising two of the most impressive entrepreneurs in the country. They had built an amazing national brand and were going from strength to strength in terms of geographic coverage, revenue and customer numbers. But, they were having challenges managing the business now that it was so large. They explained: “We’re […]

If “location, location, location” is everything in real estate, then “preparation, preparation, preparation” is equally important when selling a small business. There are many reasons why a small business owner might decide to sell, but preparation is the one common ingredient that can make the difference between a sale and a fail. The single most […]

Attracting and retaining the next generation of leaders is an increasing challenge not limited to any one sector, due largely to Gen Y (aka millennials) having different expectations for their careers. Job loyalty is far less of a consideration for young workers, making it difficult to retain talent. In fact, 50% of Gen Y believe every job […]

It’s not always easy to take up a CEO role. It can be easier if no one liked your predecessor. It can be harder if you’re taking over from the founder and harder still if the founder is still in the business.  The nature of the challenge depends somewhat on the stage at which the […]

There are many challenges facing small businesses and, with the New Year well underway, now is a good time to start addressing these head-on in order to build a stronger business. Whether you are a small enterprise just starting out or a mature business looking for additional growth, there is no shortage of challenges that […]

In the scramble to regain productivity following the departure of an employee, employers can wrongly prioritise speed over accuracy in finding a replacement.

The future viability of small businesses is being risked as owners increasingly fail to recognise the value of an exit strategy.