Category: Business Coaching

7 Topics for You and Your Business Coach

Choosing to work with a business coach is a choice to grow and learn as a leader. Together, you form a partnership focused on cultivating your talents and stretching your perspective through frank — and sometimes challenging– discussions. Sometimes, though, the hardest part of working with your business coach is not the discussion but instead ...

Effective Managers vs. Successful Managers: What’s the Difference?

Would you be surprised to learn that there is a difference between effective managers and successful managers?  People in leadership positions often have it ingrained that success and efficacy are one in the same… After all, how is it possible to be an effective manager but not a successful manager, or vice versa?  Defining Effective Managers vs. ...

3 Simple Ways to Start an Exit Plan in 2021

Have You Been Thinking About How to Start an Exit Plan? Business Owners are hesitant to begin exit planning for many reasons.  Sometimes it is simply because they are uncertain over their objectives and a desire to put off something that seems a long way down the road.  They postpone planning because they do not want ...

The Monthly Huddle: Working with Difficult People

Welcome to the April edition of The Monthly Huddle– A short, sweet, and to-the-point advice blog for tackling some of business management’s most difficult questions! This time, we’re talking about dealing with “difficult” people.  Dealing with Difficult People They could be aggressive, argumentative, or neglect deadlines. Maybe there’s just something about their personality that just doesn’t jive ...

Imposter Syndrome: The 5 Profile Types, Part II

Last week, we discussed the prevalence of managers dealing with imposter syndrome. You can get caught up by reading “Managers and Imposter Syndrome: The 5 Profile Types,” but to briefly summarize: “First described as the Imposter Phenomenon in the 70s by Drs. Suzanne Imes and Pauline Rose, the working definition is ‘the mental self-torment of someone ...

Managers and Imposter Syndrome: The 5 Profile Types

Before we get started, take this quick quiz: Do you feel like you tricked or manipulated your way into your current position?Are you anxious or worried about the day that your employees find out that you’re a fake or a fraud?Do you feel that despite other’s confidence in your abilities, you are more likely to fail ...

Business Transition Strategies: Sell Stakes to Partners

In our conclusion to our series on exiting your business, we’ll discuss the option to sell stakes to partners. You can read our strategy overview in our original post or learn more specifics about passing your company on to a family member, using ESOPs, selling to a third-party, and manager buyouts.  For business owners with partners, the option to sell stakes to ...
Man and woman high-fiving over a business deal

Business Transition Strategies: Existing Manager Buyout

For those who want to sell their business, but are concerned about the impact to employees and operations in the event of a third-party sale, a manager buyout may be an option. Keep checking in throughout March for more articles about exiting your business! What is a Manager Buyout? When the time comes for a business owner ...
Composite image of realistic hands holding a vector image of a house

Business Transition Strategies: Selling to a Third-Party

This week, we’ll give a brief overview of one of the most common options for transitioning out of your business: selling to a third party. Keep checking in throughout March for more articles about exiting your business! When you don’t have a family member or employee who is prepared to or interested in buying your company, ...
Hands clasped in front of a computer screen and calculator

Business Transition Strategies: Employee Stock Ownership Plans (ESOPs)

In this next installment of our series on business transition strategies, we’ll look at employee stock ownership plans (ESOPs). Keep checking in throughout March for more articles about exiting your business! Selling your business is never an easy decision, and not having an exit plan that meets your financial, personal, and professional needs make that choice ...