Is there ever a time in life that we are not going through some kind of transition? Sometimes transitions come with great anticipation, such as a wedding, the birth of a child or the anticipation of moving to a new community or home. Other times transitions are thrust upon us unwillingly, the death of a […]
Recently, I met with an owner / leader of a multi-generation family business that has been around for decades. It is well run and well known in the community. As this leader approaches retirement and considers the future of his business, he does so with a grateful spirit and with great care for both his […]
Picking Up the Torch with Humility & Gratefulness: How Next Generation Leaders Successfully Transition
The leaders of your organization have started thinking about the next generation of the company – and they approach you. With many ideas swirling through your mind, you leave with hopeful optimism. Though unsure of how it is going to be accomplished, you’re positive it will work. This thought will, of course, be short-lived as […]
There is nothing more heartwarming than the story of a successful multi-generational family business. Carrying on the legacy of one’s parents, grandparents, or sometimes even great grandparents is an honor. I have had the privilege of being on both sides of this equation – the person learning and eventually taking over my mother’s role; and, […]
In his recent blog, my partner, Roger North, shared about our three-year journey of developing and executing an ownership succession plan for North Group. He aptly noted that this process “took time, energy, and a few engaging disagreements.” Roger is right – it required time. Not just blocks of time here and there, but also “seasons […]
About 20 years ago, Michael Gerber wrote a landmark book entitled The E-myth. In this excellent book, he coined language that is now fairly common in business. He wrote about working “on the business” versus “in the business.” Like many business owners, I struggle with allocating appropriate time to “on the business” issues such as succession […]
Roger North and Brian Black of North Group Consultants discuss the elements of a succession plan and how they can be effectively utilized in leadership transitions. What elements of succession planning have you started working on? How will you continue to move the process forward?
I recently had the privilege of facilitating a conference for family business owners from the United States and Canada. Most of the attendees desired to transition the leadership and ownership of their business to next generation family members. Yet most of them acknowledged that they are “stuck” – even paralyzed – in developing and implementing […]
Roger North of North Group Consultants challenges leaders to prepare both their organization and themselves for the next season of leadership and life. What steps are you taking to finish well and set yourself and your organization up for success in the next season?