Archive for November, 2011

#sellbusiness: Successfully passing on businesses is Vital…

“Given the Herculean effort that most people put into building their businesses, it’s amazing how many of them fail to plan their exit. Serendipity often rules, with many accepting apparently flattering or friendly offers without bothering to market their businesses.” Seems there are a number of us now saying similar things… This most accurate comment is from an article in the Telegraph in the UK. Successfully passing on businesses – whether publicly traded or private – to the next generation of owner-managers and entrepreneurs is vital. Yet there has also been a surge in first-time founders of double-digit turnover companies…

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“Great by Choice”; the next stand-out by Jim Collins…

There are smart decisions and wise decisions. One form of wisdom is to know when to let luck disrupt your plans (and when not to). Getting a high ROL (return on luck) requires a new mental muscle, beginning first with a heightened awareness to recognize when a luck event happens. Use the three tests we lay out in the book: 1) Did the event happen largely or entirely independent of your own actions? 2) Does it have a potentially significant consequence (good or bad)? 3) Did some aspect of the event happen unexpectedly? If yes, then ask: what—if anything—should we…

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Clickability: A Skill for Life

Most of what you need to know about success in life is personal in nature. I’ve learned, through my own experience and that of the people I’ve worked with, that people need each other to have fulfilling work, successful careers and meaningful lives. Regardless of your cultural background, your age group, or your social status, your need to get along with people is fundamental to your happiness. No matter how much technical skill you have in your particular field of expertise, no matter how smart you are, how capable you are, how gifted you are, if you don’t know how…

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