Two Steps in a Successful Turnaround

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Any business leader can get their company in trouble. Even when he or she is the owner. Or maybe I should say, “Especially” when he or she is the owner.

In most surveys, turnaround specialists identify “poor management” is a leading cause of a company’s decline. After weeks or months or even years of denial, the existing leadership – unable or unwilling to admit to the worsening situation – may need to be replaced for the business to recover.

Let’s be honest: ...

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Finishing or Finishing Well? – Leadership and Business Value

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For several years we’ve worked closely with owners as they put together their business transition plans. During this time we’ve observed some interesting – and consistent – trends, most of which have been substantiated by a survey performed by Harris Interactive.

Observation One:

Many owners are not ready to “slow down.” In fact, we know several who obtained an equity position in a new business venture after ...

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