More than ever, consumers are demanding that businesses take action when it comes to our environment, and it is essential that corporations commit to and start promoting strategic sustainability that goes beyond recycling.
How do you know when it’s time to step aside and make room for a new generation of leaders? And what’s the best way to handle the transition?
Employee retention, correlating to employee engagement and employer branding, is essential to a successful company.
What better way to help your brand than by having your own employees say amazing things about their workplace?
Fail early, fail often, fail forward. As most experiments fail, real progress requires trying out tons of ideas, decreasing the lag time between attempts and increasing the knowledge gained from results.” -Dominic Basulto, Silicon Valley guru
As you face your transition, you need to encourage your people to think differently. The focus needs to be less on winning and more on looking for new opportunities that may in fact be unsuccessful.
According to the BDC, enforcing a sustainability strategy for your business can lead to reduced waste, lower costs and increased customer engagement. Not only is there an incentive for such a strategy because it’s good for the planet, but it is also good for business.
If you can’t effectively train both your successors and your customers to transact business without you, you will never be able to leave your business.
It’s important not to fall into the “that’s the way we’ve always done it” mentality, or worse, a “that’s not our business” attitude during a transition.
“A leader is like a shepherd. He stays behind the flock, letting the most nimble go out ahead, whereupon the others follow, not realizing that all along they are being directed from behind.” – Nelson Mandela
I don’t know Paulo but I wonder how his retirement is going…
Business Transition Alliance
We are business owners and advisors that offer consulting services to entrepreneurs. Working hands-on, we help develop and implement effective strategies that increase business value, growth and profitability, to prepare for the future.
“Beyond grateful for your partnership, genius and hard work!”
“Can I say one more time how great it is to have you guys in our corner”
“You were an important driver of a methodical process that helped us learn more about what our people think and want.”
“It’s been a pleasure working with you.”
“Thanks for your patience and guidance in putting us on our new path.”