| Atricle Dump |
Hubs | Hubbers | Topics | Request |
| #1 in Business | Subscribe Email Print |
|
You are here: Home > Business > Management > CEO's Role in Family Business |
|
Atricle Dump - CEO's Role in Family Business
Strategic Communications - Don't Just Listen, Listen & Hear! ecent salespeople.”Almost every day we encounter an ad, a slogan, or some other communication that admonishes us to Listen! Entire ad campaigns have been built around a theme that tells the world that they listen to their customers. And I agree that listening is a very powerful way to connect with another person. That being said, I firmly believe that listening is only part of the power. The real power comes when we LISTEN & HEAR!Can you think of instances where you were t “Who’s in charge of recruiting salespeople?” “I am!” Roland didn’t have a clue what role a CEO should play. He had graduated from college, but with a meaningless degree. When he rejoined the family business, he received no preparation for taking over the reins; he had grown up working with his hands and that is still what he enjoyed most. When he was made president, it was in name only. I interviewed a couple of salespeople whom Roland had been unable to hire. They told me that they didn’t Agent Recruiting in 2006: Not the Same Old Drill I first met Roland (not his real name) in 1972. He was a high school student working a summer job in his father’s business.Let's start off with a given. The 2006 real estate market is tough and unlike anything we've seen in five years. The problem is if we go back five years, it was the advent of the Internet in residential brokerage. We're at an historical point in our business. While the go-go market was going on, real estate consumers changed. Now that we're in a more traditional market, we can't rely on our traditional habits of recruiting and training agents.It's painful, b “We’re teaching him the business from the ground up,” his father told me proudly as he introduced me to the tall good looking kid. We shook hands, exchanged a few words, then Roland jumped on a fork lift and was off to stage another delivery. The next time I saw Roland, he was approaching 40 years of age and had served four years as company president. The business was located in a fast-growing metro market, but under Roland’s leadership, sales had not kept pace with the growth of the market. His father, now retired, suggested that he bring in a consultant to take a look at the business. We met at my hotel for breakfast. In many ways, he had not changed all that much. He was wearing jeans, a red flannel shirt, and a pair of cowboy boots. His image was far from that of a company president. Roland got immediately to the point, “What do you need from me to get this project started?” “Let me begin by asking a couple of questions,” I answered, “What is your vision for this business?” “How do you mean?” Roland asked. “What are you trying to make happen here? When December 31st rolls around, what evidence do you look for to determine if you’ve had a satisfactory year?” I said, trying to clarify my question. “Well, if you’re talking about strategic planning or budgeting, things like that, I don’t do any of that,” he responded bluntly. “How do you personally spend you time every day,” I asked, trying a different approach. “It depends on where I’m needed,” he said. “Sometimes I’m doing the buying, but other times, like when the warehouse foreman doesn’t show up, I’m working out back.” “How much time do you spend in the office?” I probed. “As little as possible,” he fired back with the hint of a smile. “Sounds as if you don’t like office work,” I asked in a feeble attempt at humor. “You got that right.” “Your dad says that sales haven’t kept pace with the market. Do you have an explanation?” “Yeah, I can’t find decent salespeople.” “Who’s in charge of recruiting salespeople?” “I am!” Roland didn’t have a clue what role a CEO should play. He had graduated from college, but with a meaningless degree. When he rejoined the family business, he received no preparation for taking over the reins; he had grown up working with his hands and that is still what he enjoyed most. When he was made president, it was in name only. I interviewed a couple of salespeople whom Roland had been unable to hire. They told me that they didn’t Leadership - The Proper Relationship with Subordinates etro market, but under Roland’s leadership, sales had not kept pace with the growth of the market. His father, now retired, suggested that he bring in a consultant to take a look at the business.In the army, “the men” are kept separated from “the officers.” This comes from the idea that the leaders should not be too close to the individuals they command. In the military this makes a lot of logical sense because if you are too close, you might have a difficult time making decisions that could result in harm to someone. On the army base they have an officers club, where the officers eat and socialize. On Sundays the facility is available to everyone, but t We met at my hotel for breakfast. In many ways, he had not changed all that much. He was wearing jeans, a red flannel shirt, and a pair of cowboy boots. His image was far from that of a company president. Roland got immediately to the point, “What do you need from me to get this project started?” “Let me begin by asking a couple of questions,” I answered, “What is your vision for this business?” “How do you mean?” Roland asked. “What are you trying to make happen here? When December 31st rolls around, what evidence do you look for to determine if you’ve had a satisfactory year?” I said, trying to clarify my question. “Well, if you’re talking about strategic planning or budgeting, things like that, I don’t do any of that,” he responded bluntly. “How do you personally spend you time every day,” I asked, trying a different approach. “It depends on where I’m needed,” he said. “Sometimes I’m doing the buying, but other times, like when the warehouse foreman doesn’t show up, I’m working out back.” “How much time do you spend in the office?” I probed. “As little as possible,” he fired back with the hint of a smile. “Sounds as if you don’t like office work,” I asked in a feeble attempt at humor. “You got that right.” “Your dad says that sales haven’t kept pace with the market. Do you have an explanation?” “Yeah, I can’t find decent salespeople.” “Who’s in charge of recruiting salespeople?” “I am!” Roland didn’t have a clue what role a CEO should play. He had graduated from college, but with a meaningless degree. When he rejoined the family business, he received no preparation for taking over the reins; he had grown up working with his hands and that is still what he enjoyed most. When he was made president, it was in name only. I interviewed a couple of salespeople whom Roland had been unable to hire. They told me that they didn’t Color Business Card Printing couple of questions,” I answered, “What is your vision for this business?”One effective way of making your business cards look more professional is using colors on your card. There are different ways to add color to your card. You can use one color as the background of your card or add colored graphics or photos. Putting your photo on a business card can make it easier for your potential clients to remember you and your company because they are able to associate your face with your company. However, there are also some disadvantages to “How do you mean?” Roland asked. “What are you trying to make happen here? When December 31st rolls around, what evidence do you look for to determine if you’ve had a satisfactory year?” I said, trying to clarify my question. “Well, if you’re talking about strategic planning or budgeting, things like that, I don’t do any of that,” he responded bluntly. “How do you personally spend you time every day,” I asked, trying a different approach. “It depends on where I’m needed,” he said. “Sometimes I’m doing the buying, but other times, like when the warehouse foreman doesn’t show up, I’m working out back.” “How much time do you spend in the office?” I probed. “As little as possible,” he fired back with the hint of a smile. “Sounds as if you don’t like office work,” I asked in a feeble attempt at humor. “You got that right.” “Your dad says that sales haven’t kept pace with the market. Do you have an explanation?” “Yeah, I can’t find decent salespeople.” “Who’s in charge of recruiting salespeople?” “I am!” Roland didn’t have a clue what role a CEO should play. He had graduated from college, but with a meaningless degree. When he rejoined the family business, he received no preparation for taking over the reins; he had grown up working with his hands and that is still what he enjoyed most. When he was made president, it was in name only. I interviewed a couple of salespeople whom Roland had been unable to hire. They told me that they didn’t The Benefits of PowerPoint Compression /p>Your boss is 3000 miles away at a conference with the company's bigwigs, and has asked you to create a PowerPoint presentation for the occasion. You create a 15 slide masterpiece, complete with stunning digital images, flashy animations and the perfect background music. Your presentation looks so professional that your boss is going to wonder why she didn't promote you sooner.But here's the kicker: your boss can only access email through dial-up, and she nee “It depends on where I’m needed,” he said. “Sometimes I’m doing the buying, but other times, like when the warehouse foreman doesn’t show up, I’m working out back.” “How much time do you spend in the office?” I probed. “As little as possible,” he fired back with the hint of a smile. “Sounds as if you don’t like office work,” I asked in a feeble attempt at humor. “You got that right.” “Your dad says that sales haven’t kept pace with the market. Do you have an explanation?” “Yeah, I can’t find decent salespeople.” “Who’s in charge of recruiting salespeople?” “I am!” Roland didn’t have a clue what role a CEO should play. He had graduated from college, but with a meaningless degree. When he rejoined the family business, he received no preparation for taking over the reins; he had grown up working with his hands and that is still what he enjoyed most. When he was made president, it was in name only. I interviewed a couple of salespeople whom Roland had been unable to hire. They told me that they didn’t Your Business Will Not Grow Just Because ecent salespeople.”Increase in your business and finances will not just happen because you want it to, heck, it won’t happen even if you desperately need it to. No, the key to increasing your business, income and profits is more sales and new customers. Of course you do not need to be a rocket scientist to figure that out, but you do need to figure out how to make that happen.As you know by now, to get new customers and more business, there is an easy way, which the rich do, “Who’s in charge of recruiting salespeople?” “I am!” Roland didn’t have a clue what role a CEO should play. He had graduated from college, but with a meaningless degree. When he rejoined the family business, he received no preparation for taking over the reins; he had grown up working with his hands and that is still what he enjoyed most. When he was made president, it was in name only. I interviewed a couple of salespeople whom Roland had been unable to hire. They told me that they didn’t want to work for a man like Roland, and referred to his lack of sophistication and his abrupt communication style. Their image of Roland was not that of a leader, so they each opted to take jobs with more progressive businesses in the area. At the end of my visit, I suggested that Roland hire a general manager who had the talent to perform the essential business functions that Roland hated so much. To my surprise, he didn’t resist the idea. He was not stupid; he knew full well that being a company president was not his cup of tea. Today, the company is growing and earning more bottom line profit than ever before. Roland is the happiest he has been in years. Lesson: If the owner doesn’t have the talent or the willingness to prepare a strategic marketing plan or hammer out an annual capital expenditure budget and an operations budget, hire someone who does. There is no rule in business that says the owner has to be the general manager. Management acumen is not always passed down to the next generation.
HTTP = HTML link (for blogs, profiles,phorums):
Related Articles:Can We Recycle Rain Water to Use Again in Cleaning Operations? Investors in Your Business - 10 Things They Look for in a Business Plan Franchising Companies-The List is Endless
|