Getting Hardnosed about the Soft Side of Business
November 27, 2007
When involved in a business transition, the business owner typically focuses on:
· What’s the bottom line?
· Cut to the chase – what are the numbers?
Unless the transition that we are talking about is the sale of the business, for which the owner is going to get cash, the bottom line is only one snapshot in a dynamic moment in time. “The Bottom Line,” that which we tend to be hardnosed about, is the result of everything that is done and market conditions and all kinds of “The Soft Side” of business.
Business transitions are as simple as moving from one business season to the next and as complex as purchasing a business to merge with an ongoing business. A Business transition may be creating sales oriented staff from a group that is currently task oriented. A transition may be selling the business wherein the owner is going to get paid over time or buying a business where you are going to pay over time. A transition is any change in business. When there is a change there is a transition. The one thing we can rely upon is change. Therefore, transition is part of business. The more that transition is built into the business, the faster reaction time the business can have.
So, what does a transition business coach do? We get very clear about what the business owner wants to transition into. We get very clear about what the reality of the situation is presently. We get a handle on what is going to be required to make that transition. What is going to need to be different? Then we coach toward an assessment of the current staff, clients, market, vendors or who or whatever is relevant to that change. Included in this coaching process are the vision, mission and intention of the owner and key players.
The result will be a strengths and needs assessment along with a strategy and coaching toward implementation for the soft side of business transition. Additionally, the foundation will be in place for the recognition of ongoing transition so that change, in the future will be an ongoing intentional part of business rather than being treated as a problem.
Cutting to the chase, the point of all of this is, of course, a better bottom line!!
Coach Chuck973-670-7215
