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, ...
https://catalystecr-media.s3.us-east-2.amazonaws.com/wp-content/uploads/2023/12/07130829/successionplanning.png34566912Catalyst Group ECRhttps://catalystecr-media.s3.us-east-2.amazonaws.com/wp-content/uploads/2019/06/06062745/main-logo-300x138.pngCatalyst Group ECR2023-12-07 14:01:302023-12-07 14:01:33Succession Planning Part 1: How to Choose Your Business Successor
‘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 ...
https://catalystecr-media.s3.us-east-2.amazonaws.com/wp-content/uploads/2023/11/17062744/pexels-rdne-stock-project-5847660-scaled.jpg17072560Catalyst Group ECRhttps://catalystecr-media.s3.us-east-2.amazonaws.com/wp-content/uploads/2019/06/06062745/main-logo-300x138.pngCatalyst Group ECR2023-11-17 06:29:402023-11-17 06:29:42Gratitude in Leadership: A Thanksgiving Reminder
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 ...
https://catalystecr-media.s3.us-east-2.amazonaws.com/wp-content/uploads/2023/11/09224324/pexels-rdne-stock-project-5915237-scaled.jpg17072560Catalyst Group ECRhttps://catalystecr-media.s3.us-east-2.amazonaws.com/wp-content/uploads/2019/06/06062745/main-logo-300x138.pngCatalyst Group ECR2023-11-10 07:00:002023-11-09 22:47:37Quiz: Are You on the Path to Becoming a Successful Entrepreneur?
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 ...
https://catalystecr-media.s3.us-east-2.amazonaws.com/wp-content/uploads/2023/11/06061617/careerchange.png12602240Catalyst Group ECRhttps://catalystecr-media.s3.us-east-2.amazonaws.com/wp-content/uploads/2019/06/06062745/main-logo-300x138.pngCatalyst Group ECR2023-11-06 03:44:252023-11-06 03:44:275 Signs It's Time for a Career Change
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 ...
https://catalystecr-media.s3.us-east-2.amazonaws.com/wp-content/uploads/2023/10/06061620/PiXel8-4.png12602240Catalyst Group ECRhttps://catalystecr-media.s3.us-east-2.amazonaws.com/wp-content/uploads/2019/06/06062745/main-logo-300x138.pngCatalyst Group ECR2023-10-20 05:11:032023-10-20 05:11:06The Due Diligence Phase: Preparing Your Business for Buyer Scrutiny, Part II
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 ...
https://catalystecr-media.s3.us-east-2.amazonaws.com/wp-content/uploads/2023/10/06061625/duediligence.png12602240Catalyst Group ECRhttps://catalystecr-media.s3.us-east-2.amazonaws.com/wp-content/uploads/2019/06/06062745/main-logo-300x138.pngCatalyst Group ECR2023-10-13 04:57:002023-10-13 04:57:04The Due Diligence Phase: Preparing Your Business for Buyer Scrutiny
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 ...
https://catalystecr-media.s3.us-east-2.amazonaws.com/wp-content/uploads/2023/10/06061629/pexels-karolina-grabowska-4476635-scaled.jpg17072560Catalyst Group ECRhttps://catalystecr-media.s3.us-east-2.amazonaws.com/wp-content/uploads/2019/06/06062745/main-logo-300x138.pngCatalyst Group ECR2023-10-06 09:30:302023-10-06 09:30:32The Myth of Multitasking and Why It Doesn't Work
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 ...
https://catalystecr-media.s3.us-east-2.amazonaws.com/wp-content/uploads/2023/09/06061633/change.png12602240Catalyst Group ECRhttps://catalystecr-media.s3.us-east-2.amazonaws.com/wp-content/uploads/2019/06/06062745/main-logo-300x138.pngCatalyst Group ECR2023-09-22 03:12:312023-09-22 03:12:345 Ways to Overcome Resistance to Change
Being a business leader is not for the faint of heart. It’s a position marked by constant, high-stakes change and complex decision-making. The right decisions could propel a business forward, while a misstep can lead to setbacks or even the prospect of shutting up shop. It’s no wonder leaders want frameworks they can rely on ...
https://catalystecr-media.s3.us-east-2.amazonaws.com/wp-content/uploads/2023/09/06061637/pexels-karolina-grabowska-4491451-scaled.jpg17072560Catalyst Group ECRhttps://catalystecr-media.s3.us-east-2.amazonaws.com/wp-content/uploads/2019/06/06062745/main-logo-300x138.pngCatalyst Group ECR2023-09-15 08:09:162023-09-15 08:09:19A Guide to the OODA Loop for Decision Making
Did you know that acquiring a new customer can cost up to five times more than retaining an existing one? Or that increasing customer retention rates by just 5% can increase profits by 25% to 95%?
While bringing in new faces is always exciting, it pays to remember the people who’ve already bought into what you’re ...
https://catalystecr-media.s3.us-east-2.amazonaws.com/wp-content/uploads/2023/09/06061642/pexels-rdne-stock-project-4921263-scaled.jpg17072560Catalyst Group ECRhttps://catalystecr-media.s3.us-east-2.amazonaws.com/wp-content/uploads/2019/06/06062745/main-logo-300x138.pngCatalyst Group ECR2023-09-08 08:11:172023-09-08 08:11:194 Creative Small Business Customer Retention Strategies
