The Private Business Owner

An Online Publication by Generational Equity

You are here: Home / Archives for strategic leadership

The Next Scariest Type of Business Owner

By

Last week, we painted the picture of the scariest type of business owner. To recap, this business owner is one who doesn’t manage his or her energy well. Without first taking care of themselves, these execs can’t take care of their companies.

These frightening CEOs admit to not getting enough sleep, having trouble focusing during the workday, and not taking enough time to strategically plan the company’s next moves.

That last action is key: the scariest business owner doesn’t take enough time to strategically plan. Without strategic planning, a business is as good as gone. [Read more…]

Your Company’s Purpose Matters More Than What You Sell

By

A while back we shared a TED Talk named “How Great Leaders Inspire Action” given by Simon Sinek. Sinek’s 18-minute message can be boiled down to one sentence: People don’t buy what you do; they buy why you do it. In essence, your purpose is more important than the products or services you offer when selling to a client.

Sinek is not alone in his thinking, as other leaders have echoed this sentiment. Most recently was Bill Taylor in an article, “It’s Not What You Sell, It’s What You Believe,” for the Harvard Business Review Blog. [Read more…]

Defining “Strategic Leadership” For Business Owners

By

“Strategic leadership” is a phrase that is often difficult for most private business owners to define. It’s vague and has different definitions depending upon whom you ask; yet it is crucial to the success of your business. Without strategic leadership, your company will lack vision and focus and could become a thing of the past, instead a leader in the industry. [Read more…]

Succession Planning: Critical To A Successful Sale

By

The question of ownership succession is one of the items that buyers are most concerned about when examining a potential acquisition. Specifically, does the target seller have a documented succession plan in place if the current owner were to exit? Has the company developed middle-management talent that has been (or can be) groomed as potential executives to replace the current owner? [Read more…]