Released on 2014-07-24Categories Business & Economics

Find What's Next for You?

Find What's Next for You?

Author: James Gambone

Publisher: CreateSpace

ISBN: 1497582016

Category: Business & Economics

Page: 104

View: 720

Find Out What's Next For You: Business Owners Share Their Transition Stories, is an easy to read series of stories from small and medium size business owners explaining their unique transitions from the companies they formed and managed for decades. Their successes, failures, and “lessons learned,” make up the core of this timely book. In 2013, the Fox Business Center reported that the sales of small businesses grew by 49%, and the Baby Boom demographics suggest this figure will only grow larger over the next ten years. Many have heard the story of the entrepreneur who just didn't pay much attention to their transition. Things were going well and there was no urgency to think about what they would do next. Then the “unexpected event” happened and they needed to hastily plan in a crisis environment. This kind of planning usually results in the owner losing some of the wealth they have built up in their company, coupled with added personal and family stress. One of the owners in the book commented that he wanted to control every part of his business as he was building it. And when it came time for his transition away from the company, he also wanted to be equally controlling by investing the personal time and resources to make his transition as smooth as possible. For the majority of owners who tell their stories, the transition took about five years from the time the started seriously thinking about it. The book covers stories from a wide range of owners representing many business sectors including service, manufacturing, production and distribution. And the two authors had access to a treasure trove of information which they used to write this book.
Released on 2016-01-18Categories Business & Economics

The Modern Family Business

The Modern Family Business

Author: L. Collins

Publisher: Springer

ISBN: 9781137001337

Category: Business & Economics

Page: 248

View: 734

Provides real world studies of the family in business, by observing typical firms rather than dynasties. It looks at how the nature of family business is changing in our times and provides insight into the lessons we can learn from this. The book focuses on the impact for the professional non-family manager.
Released on 2021-03-31Categories

Economic Transition and International Business

Economic Transition and International Business

Author: Eric Milliot

Publisher: Routledge

ISBN: 0367784130

Category:

Page: 0

View: 718

Economic Transition and International Business brings together academic experts in International Business and sheds new light on the international phenomenon of transitions in the worldwide economy. It includes both academic investigations as well as in-depth empirical studies. The purpose of the book is to investigate how international transitions reshape the environment, as they reallocate and renew activities, and create new strategies for actors and stakeholders. It provides essential insights into a number of contextual changes that organisations are facing internationally, and is structured around three complementary themes. In the first part, recent economic and financial crises are analysed and presented as revealing transitions for the business world. In the second part, the impact of these transitions is assessed at the level of various key economic players in today's societies (states, business networks, companies, associations, etc.). In the third part, certain decision-making and managerial transitions are retained to illustrate the new deal linked to international transitions. This book is recommended reading for scholars and students in management and economics, as well as international business managers. They will find insightful information, either theoretical or practical, including various countries impacted by socio-economic transitions.
Released on 2011-09-13Categories Business & Economics

The Changing Nature of Doing Business in Transition Economies

The Changing Nature of Doing Business in Transition Economies

Author: M. Marinov

Publisher: Palgrave Macmillan

ISBN: 1349354384

Category: Business & Economics

Page: 317

View: 211

Staying at the pinnacle of the advancing business development of transition economies and the impact of changing business conditions is a challenging task for all firms wanting to do business in them. This book provides insight into the way in which businesses function with a comprehensive overview of the major aspects involved.
Released on 2019-05-30Categories

EXIT is NOT a Four-Letter Word (Entrepreneur Edition)

EXIT is NOT a Four-Letter Word (Entrepreneur Edition)

Author: George Hartman

Publisher:

ISBN: 1091268444

Category:

Page: 166

View: 191

We have all heard the warnings - the average age of small-to-medium (SME) business owners is mid-to-late 50s; half of the entrepreneur population will reach retirement age within the next 10 years; only one in 10 business owners have a written exit plan; 60% of customers will cease to do business with a firm that does not have a known strategy for what happens when the founder retires or dies; the life expectancy of a business sold or transferred when the founder becomes incapacitated or dies without a plan is less than two years. Yet, it is only in recent years that we have begun to even acknowledge the issues. Up until then, most small-to-medium-size businesses either simply faded away with their founders or were passed onto children who often had insufficient interest or talent to continue their parents' lifetime of work. Consequently, the business followed a short path to dissolution. Today, large, well-run enterprises trade hands among capitalists for millions of dollars. I am not worried about them. My concern is with the hundreds of thousands of entrepreneurs who have most of their personal wealth tied up in their small-to-medium-sized businesses. Moreover, they are likely counting on the eventual sale of those businesses to fund their retirement. Many will be tragically disappointed because they waited too long, planned too little, and assumed too much. However, it does not have to be that way. The process of successfully transitioning a business from one entrepreneur to another is relatively straightforward. In fact, it follows the same path most business owners used to build their business in the first place - create a vision for the future, conduct a reality check on the situation today, and draw a map to take you from where you are to where you want to go. I have been coaching entrepreneurs for more than 25 years, and they have taught me a lot. In addition to all the business management insights, one of the most valuable lessons I have learned is that, given sound reasoning and a logical methodology, serious-minded business owners will make a focused effort to change their habits and their businesses for the better. So, that is what this book attempts to do - provide the rationale and the routine to motivate you to prepare for the eventual transition of your business to the most qualified successor. The result will be continued service to customers and clients who trust you, greater value to you for your life's work, and greater certainty about the world's economic future. Succession planning is not an event - it is a journey. To help guide us along the way, I have created a cast of characters who represent an amalgamation of many business owners with whom I have worked. However, all the conversations played out in this book have happened in real-life coaching sessions with hundreds of entrepreneurs. The truth of the matter is that you will leave your business someday. The question is, will you be in control of your exit, or will you allow fate and circumstance to dictate what happens to the business you have spent so much of your life building?
Released on 2022Categories Business & Economics

The Transition from Sales and Operations Planning to Integrated Business Planning

The Transition from Sales and Operations Planning to Integrated Business Planning

Author: George E. Palmatier

Publisher: J. Ross Publishing Incorporated

ISBN: 1604278455

Category: Business & Economics

Page: 0

View: 987

"Forward-thinking companies are evolving their Sales and Operations Planning processes into Integrated Business Planning (IBP) for a simple reason: doing so generates far greater gains in their business results. In an easy-to-digest format, this book uses a fictional company to show how to transition to IBP and further explains how companies are linking strategy to execution through the IBP process.Since soft skills often make the difference between success and failure in an IBP implementation, this seminal work also offers more than 200 business principles that can often be forgotten when you are in the trenches of daily business battles. These principles address collaboration, decision making, aligning the executive team, managing change in the organization, and much more"--
Released on 1998Categories Business & Economics

Direct Investment in Economies in Transition

Direct Investment in Economies in Transition

Author: Klaus Meyer

Publisher: Edward Elgar Pub

ISBN: STANFORD:36105023471381

Category: Business & Economics

Page: 328

View: 494

Reviews the business environment and conditions facing the foreign investor in Central and Eastern Europe, and assesses exiting statistical and qualitative economic studies. The volume also critically examines transaction cost theory and the theory of the multinational firm under the conditions of economic transition. Pointing to a reorientation of research focusing on firms as organizations, the author challenges the theoretical foundations of current research. Annotation copyrighted by Book News, Inc., Portland, OR