One of the most important intangible assets, those assets that make your company great (but most do not show up on your balance sheet), is LEADERSHIP.
Now you may find this statement a bit simplistic, and perhaps it is, but the reality is, as we have seen for decades, buyers invest in companies with a clear future and vision for growth. Leadership is key to both.
Recently, Brian Dodd, a well-known leadership consultant, released an article that discussed five ways that well-led companies shine, here they are in a nutshell:
While each of these is vital, perhaps the most important is that leaders attract leaders, and really strong leaders attract…. you guessed it, really strong leaders!
This can’t be overly emphasized. The value of your company (or its premium compared to similar companies) can be summed up like this by many buyers: Who have you groomed to take the reins of your business when you exit (and yes, hate to tell you this, but eventually you will have to exit).
The biggest challenge for most entrepreneurs is hiring folks to take responsibilities away from them. This is natural given the fact that often successful entrepreneurs start their businesses from scratch, making all decisions for years, and have a hard time relinquishing control.
However, eventually, to grow from $5 million in revenue to $25 million and beyond, you need to create, develop, and mentor a management team. And your team should consist of strong leaders, folks who “push” you to become an even stronger leader yourself.
One of the reasons we created Generational Consulting Group (GCG) was to help businesses reach their potential since we found so many foundering, listless, with great ideas in the owner's head, but very little implementation, often due to an under-motivated managerial team. Our GCG team has been very successful over the years in helping business owners groom great teams for even greater success. Here are a few of their stories:
Now you may be an expert in your industry, having won awards and accolades, and you may be a fantastic entrepreneur, but if you have not attracted leaders to your company, and given them tools to grow (and fail), then you are missing out on the value of one of your most important intangible assets: Leadership!
Fortunately, Generational has a track record of preparing business owners for their exit journey, whether it be next year, five years from now, or even beyond. We stand ready to do the same for you. To learn more about our Growth and Exit Strategy program and how it can help you develop great leadership in your company, please contact us and we will have a confidential conversation with you about your options.
Carl Doerksen is the Director of Corporate Development at Generational Equity.
© 2022 Generational Equity, LLC All Rights Reserved
it all started with a conference.
start your story today,
speak directly with one of our senior advisors +1-972-232-1121
The information we learn from customers helps us personalize and continually improve your experience. Here are the types of information we gather.
We receive and store any information you enter on our Web site or give us in any other way. We do not sell or rent your personal information to others without your consent. We use the information we collect only for the purposes sending promotional information, enhancing the operation of our site, serving advertisements, for statistical purposes and to administer our systems. We DO NOT use third parties to provide customer service, to serve site content, to serve the advertisements you see on our site, to conduct surveys, to help administer promotional emails, or to administer drawings or contests, but reserve the right to do so in the future without advance notice.
Generational Consulting Group’s affiliates are all part of one corporate family, they work with one another and may work together to provide services to you. The sharing of your information among affiliates enables Generational Consulting Group to serve you more efficiently and makes it more convenient for you to do business with Generational Group. Generational Consulting Group is permitted by law to share information with its affiliates. All of our affiliates follow similar privacy policies.
For reasons such as improving personalization of our service, we might receive information about you from other sources and add it to our account information.
Generational Group may license the use of its intellectual property including but not limited to its name, likeness, and logo for the use of affiliated offices. Such affiliated offices may not be owned, controlled, managed, supervised or staffed by employees, officers, or agents of Generational Group. Affiliated offices may be independently owned and operated. For more information about a particular office, please contact Generational Group at its office in Dallas, Texas.
This page may contain other proprietary notices and copyright information, the terms of which must be observed and followed.
Information on this web site may contain technical inaccuracies or typographical errors. Information may be changed or updated without notice. Generational Group may also make improvements and/or changes in the products and/or the programs described in this information at any time without notice.
Generational Group does not want to receive confidential or proprietary information from you through our web site. Please note that any information or material sent to Generational Group will be deemed NOT to be confidential. By sending Generational Group any information or material, you grant Generational Group an unrestricted, irrevocable license to use, reproduce, display, perform, modify, transmit and distribute those materials or information, and you also agree that Generational Group is free to use any ideas, concepts, know-how or techniques that you send us for any purpose.
Our computer system protects personal information using advanced firewall technology.
Information Generational Group publishes on the World Wide Web may contain references or cross references to other products, programs and services that are not announced or available in your country. Such references do not imply that Generational Group intends to announce such products, programs or services in your country. Consult a Generational Group representative for information regarding the products, programs and services which may be available to you.
Generational Group makes no representations whatsoever about any other web site which you may access through this one. When you access a non-Generational Group web site, please understand that it is independent from Generational Group, and that Generational Group has no control over the content on that web site. In addition, a link to a non-Generational Group web site does not mean that Generational Group endorses or accepts any responsibility for the content, or the use, of such web site. It is up to you to take precautions to ensure that whatever you select for your use is free of such items as viruses, worms, Trojan horses and other items of a destructive nature.
IN NO EVENT WILL Generational Group BE LIABLE TO ANY PARTY OR ANY DIRECT, INDIRECT, SPECIAL OR OTHER CONSEQUENTIAL DAMAGES FOR ANY USE OF THIS WEBSITE, OR ON ANY OTHER HYPERLINKED WEBSITE, INCLUDING, WITHOUT LIMITATION, ANY LOST PROFITS, BUSINESS INTERRUPTION, LOSS OF PROGRAMS OR OTHER DATA ON YOUR INFORMATION HANDLING SYSTEM OR OTHERWISE, EVEN IF WE ARE EXPRESSLY ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.
Furthermore, all information contained within this website is the property of Generational Group.