Buyers that have constant commodities exposure should always have an eye on the market and regularly keep in touch with their bank so they can act when prices are low.
While selling decisions are difficult, they must be made. Transition planning is a foundational duty of ownership.
Create a to-don’t list. Make the bold decision to engage in a new conversation and don’t be surprised when something fresh and clear-headed emerges.
Replace negative self-talk with affirmations and empowering beliefs. Surround yourself with positive influences, whether it is supportive friends, mentors, or inspirational literature.
Adding another SKU, introducing new products, or providing consumers with multiple ways to configure something may not help you achieve your goals. There is no easy answer, but as usual, focus on the objective, conduct your research, and if you get the balance right, you will be rewarded.
Psychological safety is not about being nice all the time or avoiding disagreement. Create a space where team members feel frees to quote Edmondson: “Candor is hard, but non-candor is harder.”
Ultimately, every company will need to think about and integrate AI or risk their future. Small and mid-sized business should embrace the potential of AI for growth and innovation. AI is opening a world of opportunity. The time to start learning is now.
CEOs of roll-ups need to be experts in M&A, communication, integration and leading an inspiring culture.
We’ll look back on the last year or two as a time when numerous companies and innovations were undervalued. These are difficult times but also exciting ones, and embracing that challenge can make all the difference.
It means finding ways to leverage change to create a thriving environment for yourself and those around you. And our region will continue to support and celebrate those who lean into change and leverage it for the benefit of us all.
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