This Week@Work I challenge the idea that retiring from your business is somehow an accomplishment. I met with 2 older business owners, both feeling pressure to hand the reigns to the next generation.
But their desire to stay on is not greedy, it’s fuelled by passion for the business they created, and the meaning they draw from seeing it grow and succeed.
As a business owner, the reward is often in the journey not the destination.
This Week@Work a discussion around acquisitions as a strategy to accelerate growth gave me an opportunity to explore this idea in more detail.
Several types of growth make up your business growth recipe if you intend to grow revenue, profit as well as capital value that can be realised.
Accelerated growth is one of these, and has a number of elements to it but an acquisition of a business may not be the path to achieving it.
This Week@Work I might sound Dramatic but I’m Daring you to think Differently about how you Do business today.
Design your business now for the outcome you Desire, rather than being forced to Do it, when you get hit by one of the 6Ds. Watch to see what I mean.
This Week@Work I met with a business owner who is deeply frustrated because his business has outgrown the ‘chassis’ or business model that it was originally built on.
As our business’s grow, we’ll all face this, you can’t stop running the business to rebuild the chassis, we have to build while we fly.
This Week@Work, I presented a series of workshops with business owners looking for scale and growth, of course! One of the big discussion points was who should lead that growth. As the business owner you’re the biggest investor in your business and growth inherently carries risk. You need to be the one driving growth as you have everything to lose or gain from it.
This Week@Work, a fierce debate around technology, and ChatGPT specifically got me thinking about the importance of being an early adopter to stay ahead of your competition.
You can choose to constantly explore what new technology is out there, understand how it can benefit your business, and to implement it to lead your industry, or you can take a more cautious approach, see how it pans out, and you will find yourself lagging behind.
This week@work I met with a frustrated, established business owner who is looking to sell his business in the next 5 years. As part of his exit strategy he ramped up revenues to appeal to a buyer, but his success has put him squarely in ‘No Man’s Land’: Too big for private buyers to afford and too small for listed entities to be interested in.
It’s another warning to start with the end in mind so you can build your business for the right buyer.
This week@work I met with group of business owners who are deeply passionate about their business and it got me thinking about the difference between purpose and intent.
As a business owner the idealism of our purpose drives us to continue to invest in our businesses day after day after day. But it’s the pragmatism of our intent that is as important if we are to leave a legacy, and to monetise those years of investment, sacrifice and risk.
Watch as I share their story to illustrate the difference between the two
This Week@Work I met with a large construction business who tried to smooth out their lumpy project based revenues by developing an out-of-the-box designer hut solution. Great idea, right? Then why hasn’t worked?
Watch as I share what went wrong and what we can learn from it about staying true to who we serve and how we serve them.
What does the majestic home in the background of this week’s video, that belonged to ink tycoon, Inky Stephens, have to do with business growth?
Watch to gain insights into the 4 types of growth that need to be put in place to build and lock the value in your business, and a suggestion on what to do beyond that, to secure your legacy.
