Our Business Consulting advisors answer a recent question one of them received, below: Question: My business relies on input from many different advisors. This can be overwhelming: how do I balance all of the guidance I receive? Answer: Proverbs 15:22 says that “Plans fail for lack of counsel, but with many advisers they succeed.” In […]
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A healthy business makes an impact and has a positive influence. Prior to a transition in leadership, company owners often seek to build business health, which in turn increases the business’ value. A healthy business: Operates with excellence Seeks to exceed expectations Has a lasting impact Being intentional in how you build and run your […]
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Our Business Consulting advisors answer a recent question one of them received, below: Question: I’d like to give shares of my company to my children, but we are not the only shareholders and our shareholder agreements are over 30 years old. Our other shareholders are not completely aligned with this idea. How could this conflict have […]
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If you’re facing a leadership transition at your business, preparing your company to thrive under new ownership is one way to protect the legacy you’ve built. Some proactive steps you can take in advance include: Building a healthy, valuable business Learning to think generationally Staying true to the company’s mission Learn more about the things […]
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Our Business Consulting advisors answer a recent question one of them received, below: Question: I am nearing retirement. Should I still be working to grow my business (i.e., investing equity, leveraging the business for growth, etc.)? What do I need to be thinking about to make sure I’m leaving my company in good shape? Answer: It’s […]
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When business owners plan for retirement, they need to figure out what to do with the companies they lead. We teach that preserving legacy is accomplished by developing: The right mindset The right perspective The right purpose To learn more about using a biblical worldview to preserve your company’s legacy during a transition, log in to read […]
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Our Business Consulting advisors answer a recent question one of them received, below: Question: I’m planning for retirement. My senior leadership feels unsettled. How can I assuage their concerns? Answer: Great question. We recently worked with a retiring business owner whose senior leaders had been in place for over 20 years. Change can breed uncertainty, […]
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Internal Transitions Transition of business ownership may be internal or external. An internal transition plan focuses on family members or key leaders stewarding the business into the future. For Christian business owners, biblical wisdom can shape this planning process, preserving the company’s legacy.
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Our Business Consulting advisors answer a recent question one of them received, below: Question: We have a family business. What is the best way for different generations to communicate, plan, and participate? Answer: These are important conversations for families to have. We often advise our clients to take a two-step approach. Step 1: Family meeting […]
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Organizational health is a common goal for the many business owners we have worked with over the years. The concept of a healthy business has a biblical basis: In Genesis 1:28, God created work. Business is an organized form of work, and as its creator, God and his word are our source for how best […]
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