Holding on doesn't make your company more valuable
Our vision is to see more purpose-driven companies excel and sustain through generations, making a positive lasting impact on the world.
How does my company contribute to this?
We coach founders & owners to grow by adding transferrable value, create a succession platform and take a vacation.
Part of lasting through generations is capturing the brilliance, savvy and know-how of you, the founder and owner, to ensure you don’t leave a knowledge gap when you decide not to be directly involved in your business anymore.
Your knowledge is gold and is the foundation of how your company started and what contributes to its ongoing success.
Even if you are aren’t thinking about passing your business to another in the future, or at the point where this has even entered your mind; capturing and transferring knowledge is a skill that takes practice and planning. It’s possible and it doesn’t have to be perfect or complex. And, it can be a process that evolves.
Your favourite book…
Do you enjoy reading?
I love to read. I’m slowly making my way through stacks of books that I have around the house.
An ideal vacation for me would be to sit somewhere peaceful and read. (Preferably somewhere in or near nature.)
But reading for me is a way to learn, escape, grow, expand, or deepen my understanding of the world around me and of myself.
While I love a great fiction novel I do read many non-fiction and professional development books. Some have really made an impact on my own growth and the growth of my career and business.
I’d love to share some with you today…
The benefits of time off work
In a world consistent overworking and putting off personal plans to ‘get ahead at work’ is still a badge of honour for some (things are are changing but not fast enough in my opinion), sometimes the idea of taking vacation gets shoved aside.
But the research and benefits of taking time away are quite compelling:
Planning to be away? How to achieve a stress-free vacation from your business and work
If you’ve ever had the thought:
“It’s too much work to take vacation, so I’m not going to bother,” then you need to read this.
How can we prepare to be absent from work or business without it causing too much stress so it negates the positive effects that time away can bring?
It’s about planning ahead and creating processes for the things you regularly do so they are more easily teachable and repeatable by others.
The more planning you do, the less stress going away will be.
The Drivers of Company Value
There are 8 drivers of company value that contribute to the valuation of whether your company will be easy to pass on or to sell in the future. Through my work supporting business owners to grow their businesses in a way that maximizes their future exit options, I have found that these 8 drivers aren’t always obvious.
And, through focusing on these 8 drivers, this is the process to grow your company, so if you’re not looking to sell anytime soon, these drivers will offer you a roadmap to enjoy growth in the meantime.
The first driver I would love to talk about first is Hub and Spoke. I wanted to start here because typically, almost every owner I’ve worked with has an opportunity in this area…
Why you need a plan…
I write this as I sit here in the sun - taking my work outside to write to you today - because…..why not?
We, in the northern part of our hemisphere, are starting to experience the lovely warmth of spring and anticipating the coming summer days.
Some of us may even be starting to experience a relaxing of some of the restrictions that we’ve been living with for the past 2 months.
As the weather warms and I think ahead to the summer months - approaching summer this year is unlike any other spring ever. Usually, I have things very planned out. I know which weeks will be vacation, I’ll have everything booked, kids’ camps/activities booked and it will usually be mostly all set by now.
This year, in a year where we’re unsure from one week to the next what will be open or what we will be able to do, the coming months may look very different AND my level of planning around it has shifted.
Your car, a puzzle, sleep and your business
Like the cylinders in a car or cogs in a wheel, your business has components that make it run well.
Just like your car's engine, your healthy body, or a puzzle, when one component isn't working, your entire business begins to struggle to keep up....