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Succession Planning Part 2: Developing Your Successor Into a Future Success Story

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In Succession Planning Part 1: How to Choose Your Business Successor, we covered the importance of choosing a protege by balancing your business needs and your ideal candidate. Today, we’re talking about developing your successor by equipping you with tips to capitalize on the time between designating your successor and exiting your business. Get Into the ...

Merry Christmas and a Very Happy New Year!

It’s the most wonderful time of the year!  Despite all of the stress and chaos of planning dinners and wrapping gifts, I love this time of year because it reminds me to reflect on the progress I have made in a year and what I hope to achieve next.  When you’re in the moment, it’s sometimes impossible ...

Succession Planning Part 1: How to Choose Your Business Successor

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Business owners often think of succession planning as a task for another day– sometime in the far-flung future when it’s time to retire and reap the fruits of your labor.  That’s not quite the case, though.  As we all know, life is unpredictable. Any number of things could suddenly force you out of your role as owner, ...

Gratitude in Leadership: A Thanksgiving Reminder

‘Tis the season for crunchy leaves, crisp air, and turkey with all the trimmings! We’re only a week away from Thanksgiving, so it’s a great time to reflect on actively practicing gratitude in leadership.   In this season of giving thanks, let’s explore how embracing gratitude can make us more effective leaders by cultivating a sense of ...

Quiz: Are You on the Path to Becoming a Successful Entrepreneur?

Section I: Leadership Skills Being a leader and being a successful entrepreneur go hand-in-hand. Without a strong sense of leadership, you’ll find it impossible to steer your venture and your employees toward your vision for the future. As you answer these questions, think about how you’ve been handling both your business and your team.  Question 1: How ...

5 Signs It’s Time for a Career Change

Are you waking up to the alarm and dreading the workday ahead?  Perhaps you’re daydreaming about a career that makes you feel good about what you do for work.  Or, you’re a completely different person than you were when you entered your current field, so it no longer aligns with who you are.  At Catalyst Group ECR, we ...

The Due Diligence Phase: Preparing Your Business for Buyer Scrutiny, Part II

Transitioning a business under intensive buyer scrutiny is no easy feat. It takes a lot of work to position your hard work and legacy in such a way that convinces potential buyers that it’s a worthy investment.  We’ve previously covered understanding the buyer’s perspective, achieving financial and operational readiness, and considering the legal and compliance issues ...

The Due Diligence Phase: Preparing Your Business for Buyer Scrutiny

When you’re ready to exit your business, the thought of exposing the insider details to buyer scrutiny during the due diligence phase can cause a lot of apprehension. First, know that it’s natural to feel protective and even defensive. You’re not alone in feeling this way. Most business owners have to grapple with the reality that ...

The Myth of Multitasking and Why It Doesn’t Work

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You know those days when you’re on a call, replying to an email, and unjamming your printer simultaneously? We’ve all been there and perhaps even taken pride in our ability to multitask, wearing it as a badge of honor among busy professionals who can supposedly get more done in the 24 hours we all have ...

5 Ways to Overcome Resistance to Change

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Change, as any leader knows, doesn’t announce itself with a polite knock on the door, waiting for us to be ready. More often than not, it barges right in and demands to be acknowledged. When executives feel that sudden shift, it can be pretty unsettling because change often introduces a lot of unknowns, with unpredictable outcomes ...