Emotional Intelligence for Successors in Business Transitions
In a prior article, I wrote about four elements (or competencies) of emotional intelligence that serve business owners well when involved in transitions. In this article, I look at the flip side: the value of emotional intelligence for successors in business transitions. Emotional Intelligence for Successors in Business Transitions – And Beyond Four elements of […]
The Value of Emotional Intelligence for Owners in Business Transitions
As a coach, I help individuals finetune their emotional and social intelligence skills so they can better navigate all sorts of change, conflict, and dynamics. As a Transition Guide, I have the privilege and unique perspective of working with both owners and successors during one of the most life-changing journeys for both: a business transition. […]
Are you really open minded in your search for a business successor?
I attended a workshop for business owners recently and heard many conversations about the search for successors. Several mentioned that because they couldn’t find “the right successor,” to continue their legacy, they were resigned to selling to an outside third party. When these owners explained to me why their children, business partners or longtime key […]
Your Business Transition: Will it Cement Your Legacy or Stroke Your Ego?
In my prior post, I wrote about how unspoken expectations, a lack of planning, and an unwillingness to ask for help doomed the transition of a successful business between generations. Today, I share with you another story about an owner who torpedoed her transition when she let her ego determine her legacy. I hope after […]
Living Under the Cloud of Transition Failure
Several years ago, I witnessed the catastrophic results of a business transition gone terribly wrong. A once thriving company liquidated only two years after the celebratory toasts to new ownership, and a father, son, and entire community found themselves living under the cloud of transition failure. These sad and entirely avoidable outcomes were the products […]
