The Burruano Group provides strategic business advisory services, which is an intensive collaborative process to identify and resolve the issues and challenges preventing your business from achieving its fullest potential. Below are some common questions we receive:
Often employees believe they are doing “a good job”. The problem is that it is not “your good,” it is “their good”. You have to convey to them what your “good” is and constantly reinforce them to stay on track. You have to keep score.
Companies do not focus on what is critical to make their revenue, cash flow and profit plan work. If an issue is critical, then it should have a minimum acceptable standard operating procedure in support of that plan. The standard must be able to be measured so people can identify and respond to the problems or opportunity in a timely and results oriented way.
Good question. Common problem. It is no different preparing a family member to be accountable to their operational role than it is for any other employee. The problem is that people confuse ownership with operational roles and accountabilities. Your family business transition will fail unless you define 1) Accountabilities of that person’s ownership role, 2) Their operational role, 3) Their plan to generate revenue and create profit, and 4) the achievable expectations of that family member that everyone can understand. A valid and achievable plan must be created and implemented before you “hand over the keys”.
When the scale of work-life balance tends to tilt toward the work side, do not let it crash to the floor. Many business owners are so accustomed to doing everything themselves, they don’t think about enlisting the help of a business consultant. You may be spending your valuable time on complex tasks that may be outside your area of expertise. Get help assessing and evaluating your business processes, operations management, supply chain logistics, exposure to risk and more. Work-life balance is possible, but only with strategic planning. Find out what the Burruano Group can do for your business. Contact Burruano Group