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What Your Birth Certificate Says About Your Transition Strategy Plan

In our experience, your age has a big effect on your attitude towards your business and how you feel about one day getting out. Here’s what we have found about transition strategy plan and age: Business owners between 25 and 46 years old Twenty- and thirty-something business owners grew up in an age where job security did not exist. They watched as their parents got downsized or packaged off into early retirement, and that caused a somewhat jaded attitude towards the role of a business in society. Business owners in their 20’s and 30’s generally see their companies as means to an end and most expect to sell in the next five to ten years. Similar to their employed classmates who have a new job every three to five years; business owners in this age group often expect to start a few companies in their lifetime. Business owners between 47 and 65 years old Baby Boomers came of age in a time where the social contract between company and employee was sacrosanct. An employee agreed to be loya

CEO Exit Strategy Tips From One Of The Top 40 Under 40

Wind Mobile founder Anthony Lacavera has started 12 businesses, six of which he has exited. His exits have ranged in value from the $6 million he got for one of his recent start-ups to $1.3 billion when he sold Wind Mobile. He did it by following two key CEO Exit Strategy tips. •           Understand what kind of company you are running Lacavera has owned hyper-growth unicorns and lifestyle businesses and urges entrepreneurs to be clear about their long-term prospects. Lacavera started a business supplying hotels with internet access and understood the company would be a good cash generator, but would never sell for a mint. He ran the business for almost two decades and used the cash it generated to fund various other ventures. Recently, he finally sold the business, which was generating $1.5 million in pre-tax profit, for $8 million—a relatively modest 5 times earnings, which was fine by Lacavera, because it had served its purpose of funding other companies along the way. •          

Talent Management Insights: Practices That Can Make Or Break Your Organisation's Talent Pool

Organisations across the globe invest considerable resources, money and time in Talent Management to retain High Potentials (HIPOTs). These generally are highly capable, intelligent, and quick learning resources that we're discussing. Would a hike in salary package, grade, or designation place them motivated for long?   Imagine a goldfish inside a tank full of fighter fish. A formula1 car on any heavy traffic road. Shoe polish just beside fruit racks in the retail outlet. How repulsive are these images? That's exactly how hipots will feel they were to work in an environment that does not suit their culture, aspirations, and capabilities. They may feel suffocated and what follows next is the hipot going in search of fresh air.     CAPABILITY MISMATCH:   Take into consideration a situation where your hipot has to report to a supervisor who is low on general intelligence. The manager would most likely take more time concluding a brainstorming session. The hipot may s

Build A Strategy Map To Transform Your Company

A strategy map is a visual representation of a company's overall objectives and how they associate with one another. This is a standard for organizational choice makers, which they can utilize to plan and monitor the development of their organization. Technique maps are especially useful when your company is undergoing considerable modification. It is important that the strategy map not change significantly from the version you get from the organizer, so that your choice makers can use it to plan the next steps to get your goals accomplished. Producing A Strategy Map You ought to produce a  strategy map  at the start of your organization, but later as the changes occur you can create a brand-new version. You can alter the strategy map or simply develop a new one. Some of the problems that should be included in a method are: Start of action strategy Continuous actions End of action strategy In addition, you must include an effect statement. An effect statement is a declaration of th

Video Marketing The Many Different Uses For Video Marketing Videos

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Video Marketing The Different Types Of Videos Utilized in Video Marketing There are numerous types of different videos used in video marketing. There are explainer videos, animated cartoon videos, product video demonstration videos, 3D animated videos, interview videos, whiteboard videos, motion graphic videos. These are many of the most trendy versions utilized within video marketing. Therefore, where might anyone use one of these plus which video format will be most effective with regards to your requirements? Within this short article, our experts will help you in learning the optimal type of video marketing style video for your store. 3D videos So let's begin using 3D videos while it's frequently utilized for architectural videos today it has a vast array of methods it can be used, the disadvantage its more expensive than other types of animation videos. Whiteboard videos Attached is the whiteboard video with current video making strategies it is achievable to integrate ani