Succession planning shouldn’t be something you leave until you’re ready to step away from your business; early and effective planning should be part of your strategic process from the beginning of your business journey. It’s just one of the exit strategies you can choose from, where a Business Mentor can offer guidance. By keeping your eye on succession as an end objective, you’ll help ensure the ...
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Mastering the Art of Exit at The Little Gallery
When Faye wanted to spend more time at her bach in Whangamata, she decided to make the most of her creativity. She'd always had an interest in art and is fascinated with different mediums and the stories of the artists themselves. So, when she visited the Little Gallery, she thought, "Oh, I think I could do this, and it could be quite fun!" The business is actually two galleries—one in Whangamata ...
Tackling poor performance for better business
For your business to succeed, you need to work well with your people and have them work well for you. However, managing poor performance can be particularly difficult for business owners with a small or close-knit team. You need to ensure that everyone delivers while maintaining morale and relationships. Early awareness, clear communication and following a fair process are key.