I can’t support peer groups enough when running a business. Running a business is fun, but so challenging. There have been times when I felt as though I couldn’t breathe because of some urgent business problems But when I joined two different peer groups the business challenges became easier.
Most people enjoy learning something new. It gives them a sense of purpose or understanding. When you delegate, you help another person learn a new task. However, many people delegate incorrectly, creating problems, distrust, anger, and frustration.
Make your business great. Join your Industry association. Your participation in the association can benefit your industry and your business.
Peer groups enable business owners to process issues, sometimes vent, and get suggestions on better ways to approach problems. Peer groups helped me grow my business by growing the business. We sold it for 15 times EBITDA. I owe much of the business success to my fellow business owners in WPO and Vistage. Running… Read more »
For most entrepreneurs, growing a business becomes difficult at a certain size, where you need others to complete tasks beyond the time constraints or skill set of the CEO. To grow, you need focus. A good business coach can help with the focus needed. Make sure you find a business coach with experience in growing… Read more »
Family communication in business can be challenging. Communication within a family business is challenging, whether the communication is within the same generation or different generations. It is critical for the longevity of the family business to work on communication. Within the same generation, the things that negatively affect communication include egos, emotions, fear or distrust…. Read more »
Family communication in business can be challenging. Things are said that should not be said, or things that should be said are not. Whether the communication is within the same generation or different generations, it can always be challenging. This is why family meetings are critical to the long-term health of a family business. Within… Read more »
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