Stage 2 Planning Partners

Value Creation Blog

Be Brave And Fulfill Your Customers Expectations

investor_or_speculatorI recently had a horrible experience with one of the large bed companies in the country.  You see, I have a problem sleeping.  It comes from the peripheral neuropathy that’s left over from my cancer treatments. 

For some reason when I lie down my feet start to scream in pain.  Sometimes it takes an hour or two before I can fall asleep.  And then, after just a few hours of sleep my feet wake me up.

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Do You Confuse Hope and Expectation?

hope-and-expectation1Here’s a problem we all have.  We hope for something and once we start hoping it’ll come true, we expect that it’ll come true.  Is this something you’ve seen?

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Topics: op ed

6 Reasons You Won’t Delegate And How You’re Limiting Yourself

changeI find that one of the main differences between successful businesses and those that don’t do as well is the ability of the owner to delegate effectively.  Delegation is one part science and one part art.  Knowing what and who to delegate to is part of being effective.

Delegation is not abdication.

When you ask someone to take over a job in your company you are delegating a task or responsibility.  This doesn’t mean you can assign the task and forget about it.  Or at least most of the time you can’t.

When you ask someone to take something on they will probably need a little support.  Are you willing to help provide that support?  If not, then delegation is not going to be in the cards for you.

Know the skills of the people you delegate to.

If you have an administrative person who’s never done bookkeeping you might want to think twice before you have them take over your checkbook.  Make sure that when you delegate an activity the person you delegate to has a good chance of doing the job well.

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Topics: creating value

Are You An Investor Or Speculator?

investor_or_speculator

This is a question that I think everyone who has money to invest for whatever reason needs to ask. Your answer will help you decide what types of investments and investment advisors you might want to use.

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Topics: investment management, alternative investments, investing, investing research

Are You Safe From The Agony Of Running Out Of Cash?

Start_saving_before_its_to_lateI know you’ve heard this saying, “Cash is King.”  And the truth is, it is.

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Topics: retirement planning, Cash Flow, savings

Get Ready For Retirement By Planning Now

retirement,_nowRetirement is one of the biggest changes you’re ever going to make.  Too often I see people retire, then wish they never did it.  They’ve not thought through some of the changes that are likely to happen. 

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Topics: retirement planning, retirement, exit planning

The Greatest Buy/Sell Plan Ever

business_ideaIt’s really simple.  Include your spouse while you’re making the plan.  It’s not a hard thing to do, it just takes courage.

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Topics: exit planning, spouse, business development

How To Avoid Really Big Investment Mistakes

investing_canvaIn the investment world there is a research firm named Dalbar.  They’ve done tons of research on what has come to be called “investor behavior.”  If you have an investment account, you’re the type of person Dalbar has researched.

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Topics: investment management, investing, investing research

Don’t Be A Chicken. Start A Customer Advisory Board

customer_advisory_boardA customer advisory board is a first cousin to a peer group.  The difference is the peers are all customers or clients of your company.  The purpose of a customer advisory board is to help you make your business better.  Like peer groups customer advisory boards have rules that if followed will increase the groups value.

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Topics: creating value, customer advisory boards, business development

Stop Making Dumb Decisions Now!

decisionHow often have you made a major decision before you became clear on what you want?  If you’ve ever made a mistake on a big decision I bet you spent almost no time figuring out what and more importantly why you wanted to do something.

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Topics: decision making, life changes, career changes

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