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The owner agreement – that understanding between multiple owners of a business – is the fabric of the business and is the basis of how the business may be sustained. This owner agreement fabric has many threads consisting of the communications between the owners. These communications, including oral, written, and experiential, are woven together to […]
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The time-change continuum at once motivates a business to plan and prevents the planning from being effective. In a competitive marketplace, where change may be exploited for economic advantage, to sustain profitable performance over time a business must change. Without getting into the mathematical complexities of the space-time continuum model (the description of an event […]
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It is not what you say, but what you do. Many founders of businesses who are now owner-managers of the business they founded, will tell you they want to make their businesses more valuable. But is that reflected in the actions they take? There are established actions business owners can take to make a business […]
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Many who analyze and comment upon management leadership (myself included) praise the humility of a leader as a desirable trait. But in viewing and discussing employee behavior, the trait is less covered. We see frequently the arrogant business owner who looks in a mirror to plan and ignores the opinions of others. If arrogance is […]
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In the early morning hours, right after dawn, the motorist looks through the windshield to see nothing in clear focus with a gauzy, puffy whiteness allowing forms and shapes but little else until the car comes closer. The trip must be made, so the motorist sets a speed that allows room to brake for the […]
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Let’s say you can do anything better than anyone else, how does it help? Because you cannot do everything needed to operate a business, many of those things at which you excel will still have to be done by someone else. In fact, if you want to maximize the value you can get for your […]