Business people focus on achieving results – that’s in their nature. In doing so they are exposed to challenges, changes, and risks – that’s in their nature too.
Decisions about the future direction of a business can be the most difficult and impactful on not only its health but also its very survival:
I know we should have a good strategic plan but how can I put one together that is meaningful?
Where will our future growth come from? Can we maintain our competitive advantage?
Should we be looking to acquire? How best to limit our risk?
How would we identify possible takeover opportunities? How can we maintain confidentiality?
Should we be looking to divest part of the business? How can this be done with the least disruption? How can we maximise the price achieved?
I would like to ease out of the business, should I look at management succession or just sell it? How would I go about selecting and grooming a successor?
If I have certain family members in the business, how can I make sure the other family members receive their fair share?