words on torn paper defining accountability

Team Accountability Hinges on Leadership

Every organization has to have some structure of accountability in place to succeed, but this can be one of the most challenging processes to implement. Too many people associate accountability with shame, judgment, or consequences and will hide their mistakes instead of admit and corr ect them. Even more damaging for a company is when…

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team meetings

How To Make Your Team Meetings More Effective

Do you spend too much of your time in meetings? Are your team meetings repetitive and unproductive? You are not alone. Over the past half century the time business executives spend in weekly meetings has more than doubled. What’s more, many employees consider team meetings a complete waste of time. However, a well-run meeting can…

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building relationships

Building Relationships during Onboarding

It’s no secret that companies are having a challenging time right now recruiting and retaining good employees. This seems to be a lingering hangover of the COVID-19 pandemic combined with the Baby Boomer generation retiring in large numbers at this moment in time. If your company is also finding it hard to keep good skilled…

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business exit strategy

What Is Your Business Exit Strategy?

If you have a business and you plan to leave it at some point in your lifetime, you need to plan your exit strategy early on. Even if you plan to retire or leave it decades into the future, what you do now will set you and your business up for long-term success and avoid…

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give your business to your kids

Should You Give Your Business to Your Kids?

Every day almost 10,000 Baby Boomers reach retirement age and will continue to do so until the last of them turn 65 in 2031. Not every Boomer wants to retire at 65, but the pace of retirement is accelerating. Unfortunately, many Baby Boomer business owners have not been preparing to transition their businesses. Some of…

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seller financing

Should You Offer Seller Financing for Your Business?

There are many moving parts involved in the successful sale of a business, but determining how exactly the business will be paid for is a crucial – and challenging – one. Seller financing has become a popular option in recent years. About 50-90% of small to mid-sized business sales involve seller financing today. Let’s go…

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onboard your new employees

How To Successfully Onboard Your New Employees

Previously we discussed the importance of onboarding. Today many companies are struggling to find and retain good workers. An effective onboarding program makes a crucial difference in their first impression of their new workplace. If you have not already established a dedicated program to introduce and acclimate your staff to your company and its culture,…

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Why Talent Acquisition and Development is Essential for Success

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…

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Transferring Your Business to Your Children

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…

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Family Business Transition Podcast: Growing a Family Business

Mark Andresky, CExP, CEPA, ABI, CBI, MAMI Certified Exit Planner & Business Intermediary Performance Business Advisors mark@performanceba.com 616-855-1979

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