Wendy Dickinson - "Catalytic Conversation$"
What’s in store for you and your business in the coming years? 2020 was quite the ride! Jay Cowan of Business Owners Exit Strategies and I take a look at what you can do to prepare for what’s next.
Now you and your company need to get ready for 2021. Scenario planning, contingency budgets, exit strategies, and business continuity planning are tools that allow you, the business owner, to get ahead of whatever might happen next year.
Where to start? Desired outcomes.
How does this sound? You will leverage your business to fund your retirements, leave your family financially secure, and create a legacy within the organization committed to serving clients and employees as part of a vibrant community. I think it sounds great. And, doable.
Owners know that the sale of their business, or buying a business, changing up the business model or some other pivot, can be a great way to jumpstart growth, eliminate competition, gain market share, obtain intellectual property or proprietary systems, and feed their SWAN fund. (Sleep well at night fund-thank you, Ebony!)
This type of transformation can create a legacy that will last for generations. In families and business, a successful transition can play a major role in how long each lasts. Plans provide the foundation to transform that vision of the future, to become reality.
Show Objectives - Why Strategy Matters
Key Issues - The Problems That (O)X
What the (O) needs to Know - Pay Attention to Alignment
What the (O) Needs To Do - Aspire, Align, Accomplish
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