Succession Planning

Successful Succession

When I start thinking about succession planning and the future leaders of the business world, a familiar Shakespearean quote comes to mind: “Be not afraid of greatness. Some are born great, some achieve greatness and others have greatness thrust upon them.” Wouldn’t the easiest way to help our future leaders “be not afraid of greatness”, be […]

Annual Reviews

Never Fear, Annual Performance Reviews are Here!

Most managers dread holding annual reviews with their employees. It’s a stressful time for both parties. But it doesn’t have to be. If, for instance, you had been holding monthly one-on-one meetings with your direct reports (which you should be), the annual review becomes much easier. With 11 months of recorded data on their performance, strengths, […]

Empower Employees

Empower Your People

At a C-suite team meeting to discuss a new employee development program, the CFO turns to the CEO and asks: “What happens if we invest in developing our people and then they leave us?” To which the CEO quickly replies: “What happens if we don’t, and they stay?” This CEO gets it. If you ever […]

Delegation

Leave No Room For Error

Your employees should all know how to tackle both internal and external projects. There should be no guess work when it comes to next steps. No room for error. Everyone should know exactly what to do in each stage of a project. You and your management team need to sit down and create a company-wide project management […]

Speaking

VCF Presents

We’re excited to announce that Brad has been asked to speak at a VCF Presents event in Richmond, Virginia on May 29th. He will be speaking about our Stages of Growth Model, focusing on the critical changes that accompany entrepreneurial growth. You ca see the full event synopsis below.   Small Businesses: Critical Changes with […]

Teamwork

Teamwork Makes the Dream Work

If you want to become a great company, you must instill a team-based mindset in your employees. Everyone needs to know that they are all on the same team, fighting to reach common goals. In order to do so, there must be a very clearly defined, and communicated, company-wide vision. Employees like to know where […]

Developing Managers

Developing Managers

As a CEO, the most vital thing you can do to ensure the future success of your company is to start developing your employees to be responsible, accountable and proactive. You need to start grooming your future managers. Once your company reaches a size where you can no longer manage everyone personally, and that will happen, […]

Focus on Profits

Focus on Your Most Profitable Products

Do you know what your company’s most profitable 2 or 3 offerings are? More importantly, does your staff? Could you be wasting time working on projects that will gain you little reward in the end? If you can identify the products with the best margins, you can then start focusing the majority of your time […]

Small Business Growth

Builders vs Protectors: Do You Have the Right Ratio?

Every Stage of Growth has an ideal ratio of Builders to Protectors. Builders are those that are focused on creating new ideas, taking on new initiatives and finding new ways to expand revenue and profits. They challenge the way things are done and are very risk-tolerant. Protectors, on the other hand, are cautious, risk-adverse and […]

Real Issues Not Symptoms

Are You Focusing on the Real Issues?

Last week we talked about the 27 Challenges that businesses face. The hardest part of any problem that arises in the workplace is finding the root of the issue. It is incumbent upon you, as a manager, to find out where the true problem lies. Most managers jump straight to blaming people. However, if you’ve […]