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Would you buy your company if it was for sale?

Many private company owners lose sight of the importance of the returns their business generates based on the capital they employ and the risks that they take. The chief reason for this is that the business becomes a “lifestyle business.” Its principal purpose is now to support the owner’s lifestyle rather than to function as an important asset that is growing in value.

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An executive candidate’s cultural fit can determine success or failure

Culture fit is a major factor when determining success or failure for new hires at every level, particularly at the executive level. Someone who is a good fit to a company’s culture is typically given a longer runway to prove his or her capabilities when joining a new company. A person who does not align with a corporate culture, regardless of skills and capabilities, will not get the same latitude.

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