The Interim Executive Advantage: Experience, Action, Results

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Despite its popularity in Europe, an Interim Executive is still relatively unknown in North America. After talking with a number of business owners, partners and executives we have put together this paper showing answers to many of the more common questions we have been asked. 

Experienced leadership is one of the most important factors contributing to the success of any business. Despite their enthusiasm, current managers may not have the knowledge or experience to launch ...

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Four Keys to Managing Change

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Though this is written primarily for financial advisors, the principles apply to any business in any industry and provides readers with a simple four-part model to consider when undertaking a change initiative of any size. Using this model as a guide throughout the change process will greatly improve the chances of having a successful, satisfying outcome, whether you are “transforming” or “tweaking” your organization.  

Living, as they do, in the world of numbers financial advisers should be cautious when attempting to ...

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Case Study – Broker-Dealer

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Service: Change Management and Strategic Initiatives

Client: Nationally Recognized Broker-Dealer

Situation:

The nationally recognized broker-dealer was in the midst of a transition, brought on when one of the partners announced he was leaving the firm. Although the terms of a partnership buyout had been previously set, the established value of the firm was questioned creating a period of uncertainty. The new leadership team wanted to establish a new strategy that could be implemented quickly and effectively.

Solution:

First, ...

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Case Study – Financial Advisory Firm Change Management

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Service: Change Management and Growth

Client: Large Independent Financial Advisory Firm

Situation:

The firm had experienced rapid growth and had an annual revenue of $6MM. Unfortunately, the growth had created a number of “choke points” and the internal processes were no longer adequate. The inefficiencies were impacting the firm’s overall operations resulting in dissatisfied clients, frustrated workers, overly engaged principals and reduced net profits.

Solution:

After meeting with the management team, we first identified the key areas needing ...

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Case Study – Change Management & Growth

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Service: Change Management and Growth

Client: Large Service Company

Situation:

The company had grown to become a regional leader in its market, but had not been able to grow its business for more than three years. Because of the relatively low barriers to entry, each year several new companies entered the market, making it increasingly difficult to compete. In addition to growing the business, owners were concerned that new federal and state regulations were putting the future of ...

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Case Study – Interim Executive

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Service: Change Management and Growth, Interim Executive

Client: Large Service Company

Situation:

The company had grown to become a regional leader in its market, but had not been able to grow its business for more than three years. Because of the relatively low barriers to entry, each year several new companies entered the market, making it increasingly difficult to compete. In addition to growing the business, owners were concerned that new federal and state regulations were putting the ...

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Case Study – Family Business Succession

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Service: Family Business Succession

Client: Specialty Contractor

Situation:

The company was a leading specialty contractor in the state of Hawaii, doing business on each of its islands. The Founder had grown the company, having been given the majority of its shares from his father. He was now ready to retire and wanted to transfer the company to his son (Successor), who had been working there for several years.

In addition to the Founder, the company was partially owned ...

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We Remember …

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Thirteen years ago today. Many of us remember where we were when we first learned of the destruction of the World Trade Center in New York city; an unprecedented event that in many respects changed the world. Shortly after Al Webb, a journalist in England, wrote a very moving article. One that I’m sharing to help us remember. 

By Al Webb

LONDON (UPI) — A small girl with a Cockney accent shyly waved a tiny American flag, and a queen brushed away ...

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Business Structure to Produce Growth

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Today I received an email from a friend-client who lives in the Eastern Time Zone. His organization is growing. And with the growth has come a number of challenges. In his note, he mentioned these, along with some of his initial thoughts as to how they can be addressed. Here is my response.

 Phil –

WOW! The challenges you are facing made me smile as they are the same ones that I’ve been dealing with over the past couple of years ...

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Family Business Succession: Three Basic Steps

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When a family business passes to the next generation it is likely going to fail. At least that’s what the statistics indicate. To beat the odds, planning and forethought are needed to create a clearly defined family business succession plan. One that will succeed.

Without this, the momentum of the family business can be lost, causing it to fail despite its recent or current success. Though transferring the ownership of a family business to a new generation of successors can be ...

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