Sadly, my mother passed away last month, just two weeks before her 93rd birthday. In true Rita fashion, she would have wanted us to celebrate her life and focus on cherishing her memory rather than grieving her loss.
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This is my first week back after a 10 day vacation, which was absolutely amazing and fabulous, going through Italy seeing sites. I actually connected with a variety of different family businesses! I learned so so much and had a great time. There were some personal things that went on in my personal life in September that had me unexpectedly stepping out and taking more time off than I ever imagined. How could I run a business?
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I can not emphasize enough how important it is to have the right team in place to grow. The “right team” may include employees, independent talent, consultants, agencies, or a mix of all four.
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I think of this time of year as the home stretch of the year. Today, I'm sharing a few tips to help you and your business finish strong.
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How do you prepare for what is traditionally called the back-to-school period -- or, the Fourth Quarter? I see it as the home stretch - stretching for the rest of the year, revisiting, and building on how to realign goals. What intentions have you set up and, importantly, what are your deadlines to reach those goals?
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As the summer is winding down, this is the great opportunity to take a moment. Take a pause. Enjoy the last few days of summer, and think about what goals you intended to set out for yourself and your company this year and where you are.
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Recently, we did a blog newsletter on private equity and the alignment in leadership teams, and I thought I'd pop in to give you my unsolicited opinion here on what I believe gets a lot of bad press.
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Alignment also plays a crucial role in the efforts of Private Equity (PE) firms, which frequently help company leadership teams achieve outstanding growth. Slater Success is often involved in advising clients who seek to maximize capital returns by using various types of M&A tools, including when PE funds are the optimal solution for growth.
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Recently, I did a blog on the alignment in succession planning. I thought I'd explain a little bit what I mean by that. First of all, you have to understand when I talk about alignment, I spent my early years dancing. To me, always as a dancer, your body had to be aligned, your head was over your shoulders, your ribs, your hips, your feet; that was great alignment.
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You’ve often heard me talk about the relevance and necessity of succession planning. Quite simply, for your business to thrive, your company needs to have a blueprint in place that maps out leadership transitions.
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I do a lot of leadership trainings for various organizations. One of the key things I ask the audience first off is, "Who are the leaders you admire?".
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I frequently encounter powerful attorneys at client law firms who inquire about transitioning from being "a great lawyer" to stepping into becoming an effective leader. I believe that developing into a leader who inspires and drives success involves several discrete action steps.
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We’ve been talking a lot about resilience lately. I could share countless stories, but in this post, I want to show you the essence of resilience from various perspectives. Read more.
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Today’s businesses frequently grapple with unforeseen, difficult situations like persistent inflation, high operating costs, supply chain disruptions, and cash flow challenges. There are other disruptions as well. How do you lead through the disruptions?
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Your nourish business growth when you take time off. Read on to learn how.
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If you have been following our blogs for a while, you know I have talked about the power of relationships for long-term success. Our philosophy is that when you maintain and build long-term relationships, you are building a pot of gold. Read on.
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Hermes is now in the sixth generation of a family business. That is very, very unusual for a business to stay in the family for six generations without being acquired on a sale or an acquisition or a merger or any of the above. Read on as share what I’ve learned from the business.
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You may have read in this space that I counsel all Slater Success clients on the importance of succession planning long before retirement. I extensively talked about succession planning in a January 2024 Medium interview. We covered succession planning in the family business context a few months ago. And, we’ve recently highlighted the importance of passing along a company’s cultural legacy as part of a comprehensive succession planning process. I was delighted to read that CBS Sports' Sean McManus followed many of our playbook's moves regarding his own succession.
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I have talked before about the importance of slowing down to speed up. Taking the time to nurture ourselves, really taking the time to grow and expand.
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