Selling a business is a roller coaster of emotions. If you are considering the sale of your business, prepare yourself for the many phases of emotion. Few will encounter all of them, but all will encounter some of them. The Astonishment Phase This phase starts when you realize you have a saleable business, and someone… Continue reading Selling a Business – Phases of Emotion
The term “Work-Life Balance” is widely cited as first occurring in the United States in 1986 in a research paper. I can’t identify the specific source of this much-referred usage, but it is telling that it would pop up when the last Baby Boomers had just turned 21. They were all in the labor pool,… Continue reading Work-Life Balance
The Penultimate Hire
Every sane business owner will acknowledge that there is a point at which his or her own skills are no longer sufficient to grow the business beyond its current level. The revenue point where that happens differs by industry, but it frequently begins at around 20 employees. At that point, an owner becomes swamped by… Continue reading The Penultimate Hire
Managing People in Today’s Tough Environment
We've all had to deal with very tough situations over the past year and a half. It could be that some of your relationships which ordinarily would have been counted as your closest, are now strained due to emotions running higher than normal, with opinions and world views that differ. How do we keep communication lines open… Continue reading Managing People in Today’s Tough Environment
Die at Your Desk or Go Golfing?
The truth of the matter is, every small business owner will transition away from their business. While most owners have spent a lot of time working in their business, and at times on their business, they have not given much thought to what to do after the business. Whether you love your work so much… Continue reading Die at Your Desk or Go Golfing?