26 Sep

Is Workforce Planning Too Complex

Workforce Planning is the single best way to not only drive your talent strategy but also to support your overall business strategy.  Your workforce planning strategy should not exist unless it is aligned with and supporting your overall business strategy.  Building a Workforce Plan, as I have shared before, takes time, effort and knowledge.  A common concern is its complexity.  Is Workforce Planning Too Complex?

Let’s answer that question…

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19 Sep

Measure the Workforce Plan

The ability to measure the success of your Workforce Plan depends on overcoming one of the 3-Challenges.  That challenge is perception.  Most businesses in America, even those that refer to their employees as their most valuable asset, see the workforce as a cost to be managed.  Measuring the success of your workforce plan means changing that perception to one of seeing the workforce as the primary means of business growth and success.  In other words, like any asset, you must care for it in a way that makes it maximize its potential.  That is what we are doing here as we Measure the Workforce Plan to Ensure Maximum Potential.

Here is how…

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04 May

Is M&A Activity Dead

I come from an M&A background.  It was fun, exciting and challenging.  I have participated from due diligence through Post Acquisition Integration in over 75 M&A transactions.  I understand the emotions that are vested in it.  I read recently that M&A activity had peaked, that it was declining.  The new focus for CEO’s was not on M&A but on “organic growth driven by market expansion, increasing revenues, operational improvement, and innovation.”  That change in focus may not be new for many small to midsized Business owners, but it does reflect a significant change in strategy for those hoping to sell their businesses to fund their retirement.  Even when M&A was going well, the Exit Planning Institute was reporting that 80% of businesses that entered the market did not sell.  With M&A activity declining, it is obvious that even more businesses will not sell.

So now what?

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02 Feb

Successful Life After Work Means Planning

My continuing education about business, work, and the workplace recently shared an interesting piece of data with me.  That data was only 20% of businesses that go on the market are sold.  Further, of those business owners who sold their business, 72% did not know or did not think the sale of the business will impact their lifestyle.

Think about those two points.  The average business owner has 80-90% of their personal wealth tied up in their business.  About 20% of them can take physical possession of that wealth through a sale while 80% will have to find another way.  What should each of these business owners do to improve those outcomes?  What can they do to become part of the 20% and equally important, what can be done for the remaining 80%?

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26 Jan

What Happens Next With Your Business

It’s a conversation most business owners and their families don’t want to have.  The conversation about what happens next with the business.  Next as in when the current business owner is no longer working in the business.  Next, as in how do we effectively manage that transition to ensure that the investment made in the business provides the best possible return for the business owner.

So what happens next?

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