By Thomas J. Perrone, CLU,CIC
My Business Worth Experience π
It’s hard to say, but a large segment of business owners are slowly sabotaging their business value and future wealth β and they don’t even know it. Read on and find out whyβ¦
It has happened to me many times over my long career, with many business owner clients.
When I reviewed my clients’ situations, I would ask them about their future plans for business growth and transition β a very important conversation to have with clients.
Countless times they would tell me that “their plans are all in their heads.”
π« The problem is, no one else knows what’s in their head. It’s just a thought, not a real plan.
Most recently, I suggested to my business client that he create a blueprint (a designed plan) of his ideas and share it with his growing middle management team. I even offered to share it with his accountant, attorney, and other advisors, as I often do.
Despite my suggestions, I heard the same story that’s been repeated to me year after year:
“I haven’t gotten around to formulating my plans as of yet.”
These are the plans that nobody else knows about.
β³ To me, it’s a matter of time β without communication and delegation, a company loses growth momentum and starts the decline.
I honestly don’t see how a business can grow without communicating to employees the future growth ideas and direction the owner wants to go, along with how they’ll get there. It’s like β if they’re not involved, the project won’t get done correctly.
π So, year after year, we review the same story. It’s like Groundhog Day for me.
So, here’s my question:
β Does your business have a written growth plan, or is it all in your head?β¨β If it’s in your head, why keep it there?β¨β If you have a written growth plan, what motivated you to create it?β¨β Have you been through this with your company β what was the biggest problem it created?
π¬ I’d love to hear feedback from business owners.
Why?
Because for over 50+ years as a consultant, I’ve been told that business owners feel their business is their most valuable asset.
If soβ¦ why don’t they communicate their plans to the people helping them grow it β so they have the greatest chance of building a successful future transition? πusiness Worth ExperienceΒ π
It’s hard to say, but a large segment of business owners are slowly sabotaging their business value and future My Business Worth ExperienceΒ π
It’s hard to say, but a large segment of business owners are slowly sabotaging their business value and future wealth β and they don’t even know it. Read on and find out whyβ¦
It has happened to me many times over my long career, with many business owner clients.
When I reviewed my clients’ situations, I would ask them about their future plans for business growth and transition β a very important conversation to have with clients.
Countless times they would tell me thatΒ “their plans are all in their heads.”
π« The problem is, no one else knows what’s in their head. It’s just a thought, not a real plan.
Most recently, I suggested to my business client that he create a blueprint (a designed plan) of his ideas and share it with his growing middle management team. I even offered to share it with his accountant, attorney, and other advisors, as I often do.
Despite my suggestions, I heard the same story that’s been repeated to me year after year:
“I haven’t gotten around to formulating my plans as of yet.”
These are the plans that nobody else knows about.
β³ To me, it’s a matter of time β without communication and delegation, a company loses growth momentum and starts the decline.
I honestly don’t see how a business can grow without communicating to employees the future growth ideas and direction the owner wants to go, along with how they’ll get there. It’s like β if they’re not involved, the project won’t get done correctly.
π So, year after year, we review the same story. It’s like Groundhog Day for me.
So, here’s my question:
β Does your business have a written growth plan, or is it all in your head?
β If it’s in your head, why keep it there?
β If you have a written growth plan, what motivated you to create it?
β Have you been through this with your company β what was the biggest problem it created?
π¬ I’d love to hear feedback from business owners.
Why?
Because for over 50+ years as a consultant, I’ve been told that business owners feel their business is their most valuable asset.
If soβ¦ why don’t they communicate their plans to the people helping them grow it β so they have the greatest chance of building a successful future transition? π
wealth β and they don’t even know it. Read on and find out whyβ¦
It has happened to me many times over my long career, with many business owner clients.
When I reviewed my clients’ situations, I would ask them about their future plans for business growth and transition β a very important conversation to have with clients.
Countless times they would tell me thatΒ “their plans are all in their heads.”
π« The problem is, no one else knows what’s in their head. It’s just a thought, not a real plan.
Most recently, I suggested to my business client that he create a blueprint (a designed plan) of his ideas and share it with his growing middle management team. I even offered to share it with his accountant, attorney, and other advisors, as I often do.
Despite my suggestions, I heard the same story that’s been repeated to me year after year:
“I haven’t gotten around to formulating my plans as of yet.”
These are the plans that nobody else knows about.
β³ To me, it’s a matter of time β without communication and delegation, a company loses growth momentum and starts the decline.
I honestly don’t see how a business can grow without communicating to employees the future growth ideas and direction the owner wants to go, along with how they’ll get there. It’s like β if they’re not involved, the project won’t get done correctly.
π So, year after year, we review the same story. It’s like Groundhog Day for me.
So, here’s my question:
β Does your business have a written growth plan, or is it all in your head?
β If it’s in your head, why keep it there?
β If you have a written growth plan, what motivated you to create it?
β Have you been through this with your company β what was the biggest problem it created?
π¬ I’d love to hear feedback from business owners.
Why?
Because for over 50+ years as a consultant, I’ve been told that business owners feel their business is their most valuable asset.
If soβ¦ why don’t they communicate their plans to the people helping them grow it β so they have the greatest chance of building a successful future transition? π