In the past several years the businesses that managed to survive the COVID-19 pandemic and the resulting supply chain issues have also had to grapple with the Great Resignation. Despite the economic challenges that most people face currently, it’s been hard for companies to find and retain good employees. Yet talent acquisition and development are…
In our last piece we talked about the challenges involved in transferring a business to the next generation. With time, communication, goal setting, and hard work, these challenges can be overcome if this is your goal as a business owner. What are some of the practical steps you can take to prepare early for this…
Mark Andresky, CExP, CEPA, ABI, CBI, MAMI Certified Exit Planner & Business Intermediary Performance Business Advisors mark@performanceba.com 616-855-1979
We have recently talked about the benefits of succession planning and how, when properly implemented, it can help to grow business value. There can be succession planning challenges in family businesses, however, especially when the assumptions that the various family members make do not match necessary skill sets or individuals’ wants or needs. Here we…
A solid glimpse of the future – who doesn’t want that? Many would pay a great price to be able to see what lies in store. One way that business owners can predict the future of their companies is by building business value through succession planning. When properly implemented, succession planning allows companies to shape…
Planning and structuring changes in leadership is one key way successful businesses differentiate themselves from the herd and outperform their competitors. There are many present and future benefits involved in succession planning, and all of them address inherent business weaknesses, making companies both more productive and more resilient over time. What Is Succession Planning? Succession…
When you conduct a SWOT analysis of your business, it functions as a diagnosis of its health and capabilities at that moment in time. It’s a useful tool to help determine what the company is capable of relative to the goals you may have for the present and future. Performing the analysis is only step…
If your company has been in business for some time and you are not seeing the growth and improvement you would like, we recommend conducting a SWOT analysis of your company as a whole. This is a great exercise for evaluation because it will reveal both the good and the bad and will give you…
In our last piece we talked about the challenges of remote work for employers. The good news is that there are many benefits to offering your employees the option of working remotely. It just takes time and some management flexibility to figure out ways to leverage remote work and make it work for your business….
