Archive For: 3 – Success

8 Critical Factors for Any Succession Plan

8 Critical Factors for Any Succession Plan

As I presented in my previous post Succession Planning vs. Exit Planning Which Do You Use?, the primary goal of any succession plan is leadership transfer.  So, you can imagine that things can get a little tricky.

One of the biggest reasons is that most succession plan checklists out there seem to focus on the transaction aspects of the transfer.…

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What Is a Self-Sustaining Business?

What Is a Self-Sustaining Business?

I talk about a creating self-sustaining business all the time.  In fact, it’s what we do a DE, Inc.!

Assist small business owners in growing a self-sustaining business.

But, what does a self-sustaining business really look like?  And, how do you know that you’ve created one?…

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Tuning Your Revenue Engine – A Real World Story

Last week I discussed how fear of taking action can be the killer of dreams.  One reason business owners don’t take action is they don’t understand the cause and effect of their business actions.

The week before last I wrote about how you can manage using operational metrics rather than just your financials.  …

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2 Entrepreneurial Competencies That Lead to Business Growth

2 Entrepreneurial Competencies That Lead to Business Growth

Several weeks back I wrote a post titled Entrepreneurs Build an Asset NOT Just a Job .  In it I began to present the difference between small business owners and entrepreneurs.   While there are many differences and similarities I find a key competency of an entrepreneur is the ability to understand the necessity of scalability and sustainability in a business.…

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Is Your Company READY to Achieve the Success Stage?

Is Your Company READY to Achieve the Success Stage?

In my last post titled 4 Owner Objectives to Achieve the Success Stage of Business Growth we explored success stage.  I talked about the 4 areas that an entrepreneur/owner needed to focus in the following 4 areas for the business to achieve the success stage:

  • Owner Goals
  • Operational Abilities
  • Managerial Abilities
  • Strategic Abilities

Of these 4 the Owner’s Goals is the most critical as it provides the constraints on which the business plan is built. …

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