The new management may have been groomed to run the family business, in some cases, for their entire adult lives. Or you may decide to offer a loyal employee or management team member that opportunity. The originators of the business often try for years to educate, share their experiences, impart their wisdom, and mould their successors. Some succeed others don't. Family isn't always the best choice. In fact it's more rare than you might think.
Share what made you successful and make sure that goes for everyone involved with the company as well. Give the new Owners complete and unfettered access to you and the senior management team. An immediate and never-ending inside edge to the key goings on of the organization.
Some of the same benefits (experience, familiarity, and loyalty) can be gained from non-family, non-management employees and business associates who offer expertise and experiences that are different from yours. They may not be an Owner but what they offer is invaluable. Make sure you pass this insight and access on to the new management.
In some cases the new generation will continue to operate the business as it had been run in the past, a safe short-term measure.
This strategy may have worked for the previous generation, but circumstances are changing at a dramatic pace. We are living in a time of new technology, new needs, and new ways of approaching problems. E-commerce, database marketing, social media, big box and online stores, branding, and many other new terms have not only entered our small business vocabulary, they have taken business over.
As part of the older management you may be set in your ways, a little tired, and perhaps a little too comfortable with a particular style of conducting business that has provided you with years of triumph (usually tempered by a few bumps in the road).
The younger management may be full of energy and have new ideas for reinventing the business. But working together, you both need to blend the best of both generations. Preserve the successes from the past, incorporate the new opportunities, and build for the future.
A reminder to the older generation: not everything old is good nor is everything new bad.
To the younger generation remember: not everything old is bad nor is everything new good.
It's all about working together and bringing out the best in each other. Success breeds success.
This article is an excerpt from my new book for Boomer Aged Business Owners 'Moving Forward - Why you're stuck and what to do about it.' Available at Amazon. For quantities and author speaking engagements visit http://www.ericgilboord.com.
By Eric Gilboord
Article Source: Get The Best Out Of Everyone
Article Copyright A pen that copies words that are meaningful to life, so that if words become many will be contained into a meaning of one word it is all cheers of everyone
Pages
- Denkafa Affiliate
- Omnipotent
- Taun17
- Revisi Blogging
- Article Copyright
- Privacy
- Disclaimer
- Terms Of Service
- Sitemap
- Ketentuan Layanan Penerbit Article Copyright
- Ketentuan Layanan Article Copyright
- Ketentuan layanan untuk penulis
- Room Comment Article Copyright
- Tiktok
- MineShiba
- MineWIN
- MineDoge
- MineBTTC
- MineSIA
- MineTRON
- MineEXEC
- CryptoSense
- FoucetPay
- Coinpayz
- Dunia Aneh Blog 89
- Collections Article
- Coriarti
- Pusing Blogger
India and Malaysia recently faced off in a friendly match
India and Malaysia recently faced off in a friendly match, showcasing the talent and skills of both teams. The game was highly anticipated a...
Get The Best Out Of Everyone
Label:
Article Copyright,
Canada,
Israel,
Japan,
Malaysia,
Rusia,
Saudi Arabia,
Story,
United States
Subscribe to:
Post Comments (Atom)
-
A lot of organizations give importance to cleanliness. Have you thought about yours? A living space that looks clean could actually be hidin...
-
Greater Noida West, better known as Noida Extension, is emerging as a realty hotspot for residential properties in National Capital Region ...
-
In today's time, there is a lot of competition among the business organization. Considering, the upward curve of mobile marketing, most ...
-
Escalate the Expectation of the Endurance Expected By Steve Wickham YOU have a big goal, and the challenge will be more difficult than yo...
-
India and Malaysia recently faced off in a friendly match, showcasing the talent and skills of both teams. The game was highly anticipated a...
-
Packaging plays a significant role when it comes to marketing a product. It's what the client sees first, and it will establish their op...
-
By Vineet Kumar Singh PageRank (PR) is a mathematical algorithm that Google uses to rank pages of the websites in its search results. As...
-
There have been many skeptics since the very initial introduction of wireless service about what the constant exposure to radiation can do t...
-
By Santina Zito Website design is an immensely dynamic process which changes from time to time. As a result, what it seemed to be the ben...
-
By Mike J Mobile application development is a vast market that enjoys patronage from different industries. It has spiked in recent years a...
No comments:
Post a Comment
Informations From: Article copyright