Have you ever tried playing tug of war? Was it easier when one person yelled to PULL, or when a team counted together?
We work with hundreds of businesses a year, and what we always find is those business owners that can articulate their plan, and are aligned with their fellow owners, are always moving faster towards their goals than those plodding along, heads down. Clear direction helps everyone, from your receptionist, to advisers.
Being on the same page as a leadership team, on basics such as what clients the business will (or won't) take on, what each other's roles and responsibilities are sounds easy - but rarely is it executed well.
We've seen a few recent examples of businesses that have gotten this right - and their financials show it. Reaching bold new client goals 5 months into the financial year. Having the confidence to talk to the incoming equity owners they've flagged for 12-18 months down the track. Accountability to each other.
Being on the same page has added significant business value to these clients businesses. We have a great survey business owners can complete, to see where you each land. If you'd like to see how far apart you and your business owners are, and how working on this can help your valuation, please contact us.
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