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Gap and the Gain by Dan Sullivan is the topic for this episode of the podcast. Most people spend most of their time in the gap. The gap sounds like, “I should have”, “It didn’t pay off”, etc. Beating ourselves up for the past and comparing ourselves to the goal we didn’t completely reach. The gain is “look at how

Results or time are the two things you can buy from your employees. Paying for time is like an admin assistant or receptionist job, paying for them to be there. It is subject to piling on tasks to make that time productive.   Paying for results looks like setting an objective to hit. It doesn’t matter how long it takes

Use daily lists to prioritize tasks to get to weekly, monthly, quarterly goals. We start with this to see what our direct reports see as priorities. Mike and Jackie discuss daily lists and LION meetings (Last week, Issue, Opportunity, Next week) to manage company objectives and become a better manager.  Are you a manager or have managers that could benefit

Most of the time no one teaches us how to manage and hold people accountable. Listen as Mike and Jackie discuss managing people with the knowledge they’ve learned over the years. Clarity and communication are key.    Do you or your managers need to learn how to manage? Take advantage of a complimentary business strategy session to discover the opportunities in your

Pay in a family business is based on the roles each person plays, not based on equal ownership. An owner’s pay is based on distributed profits of the business. The president and other company roles are based on market rate and commission. The employee roles that each member plays are based on merit and results. Listen as we discuss this

Professional business owners are concerned only with choosing to own the asset we call a business or not and deciding what they want the return of that asset to be. The Board of Directors oversees which strategies to use, and the President or CEO is responsible for ensuring those strategies get executed. In many businesses, these roles are the same person or

If you want a business succession plan to go smoothly, you need to know that it’s a 3-7 year process. In a family business, it may take even longer. Many family businesses only have one opinion and one set of experiences, namely their own. It can be wonderful or traumatic. Listen as we explore the ins and outs of family business succession planning. 

Is there ‘role confusion’ in your family-owned business? Are the roles clearly defined? Role confusion causes misunderstandings and miscommunication among family members and employees. Listen as we discuss how defining roles will help your family business grow. Need help defining the roles and responsibilities in your family business? Take advantage of a complimentary business strategy session to discover the opportunities

In family businesses there is always the family dynamics along with business dynamics. How are the dynamics helping or hindering your family business? It is hard to navigate the emotions of the family members and may require the help of a family business navigator. Listen as we begin to discuss how to make the family dynamics in business better. Need

Succession planning takes a lot of thought and planning before executing. Having a formal succession plan will give you the opportunity to be proactive about transitioning to the next generation. If the generations work together to transition, it is likely that the next generations can grow the business even more.   Have a business with no succession plan? Take advantage of