Linkedin Do's & Don'ts with Adam Houlahan - 171
Linkedin Algorithm and How it Works with Adam Houlahan - 170
Linkedin Profile Optimisation with Adam Houlahan - 169
Seiler Tucker’s twofold approach to selling your business for a maximum profit combines two of the most powerful elements of her mergers and acquisitions toolkit: the “ST GPS Exit Model ™” to help business owners set goals for the sale before their business hit the market, and the “Six Ps Method ™” to help them objectively evaluate their business’s worth, before their potential buyers do. Combined, these tools provide invaluable insight into the process of preparing a business for sale, finding the right buyers, and staging the sale itself.
Today, we're joined by Kristin Molenaar, the CEO of YesBoss, a company that focuses on helping entrepreneurs in elevating their visibility. We're going to be focusing on podcasts, and how they can help you gain the trust of your audience and improve your credibility.
Podcasts are a great medium to connect with experts in your field or people that have done amazing things. So if you're someone that is building their business, one of the best ways to grow it is by hosting or appearing in podcasts.
While getting results is the ultimate goal, growing an audience is a crucial step to gaining visibility and marketing yourself or your business effectively in any digital world.
Podcasts are a great way to connect and network with other people who have successful businesses. And because they're all on the same topic, it makes it easier for you to build a relationship with them.
Audiences like to hear about people, their struggles, their thoughts, their opinions - and podcasts provide a great opportunity for this.
TIMESTAMPS:
00:00 - How did Kristin's journey begin?
05:12 - Why did she choose podcasts and how did it help with their visibility?
06:53 - What are some misconceptions that people have regarding podcasts?
11:00 - Why is patience important?
13:50 - What's the best way to promote your podcasts?
17:00 - What advice would Kristin give to business owners who are thinking about starting their own podcasts? How do you gain the trust of your audience?
20:28 - How do you contact Kristin?
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ABOUT PETER BOOLKAH
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Peter Boolkah (AKA The Transition Guy) is the World’s #1 Business Transition Coach whose main passion in life is to work with talented and high performing business owners who are in the process of creating exciting, high growth businesses.
Peter helps you to navigate and transition through the crucial growth pains that all growing businesses experience making it as painless and exciting as possible.
It is important to remember that businesses do not just grow and develop on their own, it is up to us and our teams to make this happen by making every day purposeful.
As businesses grow some parts of the journey will be easier than others and most owners do not have all the answers. Starting a business is one of the most exciting things we get to do and we all have aspirations of achieving great things. In fact, Peter is yet to meet someone who started a business with the intention of failing.
Peter’s ultimate life goal is to inspire and empower over 100,000 Entrepreneurs to create long term thriving businesses resulting in the creation of 1,000,000 jobs.
So if you are scaling up your business, you’re in a business transition period and want to know more then connect with Peter at Boolkah.com
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THE TRANSITION GUY
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Peter Boolkah is the World's #1 Business Transition Coach and also known as ‘The Transition Guy’. This YouTube channel and his podcast is where he shares his unique and direct approach to taking back control of your business (and your life) while growing and transitioning your business from one level to the next.
As a business owner, transitioning your business is all about setting and reaching your goals as well as business transition planning and process.
Do you want to accomplish what you set out to do with your business? Do you have dreams of doing things other than running your current business? Could you do with some honest help and guidance to make it happen? If you answered YES then The Transition Guy is for YOU!
With the new Clubhouse app getting a lot of hype in the media lately, I have decided to do a Clubhouse review to give you my perspective of this new and intriguing social media platform.
This is a relatively new platform that has only been out since May. Since it grabbed my attention, I decided to give it a try.
So, what are my thoughts? I have to say that I like the idea of Clubhouse. This is a platform that centres around drop-in audio chats. Essentially, it is like having a bunch of live podcasts that you can choose from.
However, a major difference between current podcasting and the Clubhouse app is that in these conversations, you as the listener have the ability to participate. When a speaker is finished, you can ask a question.
Now, my Clubhouse review wouldn’t be complete without mentioning the downsides that I noticed. One thing that I noticed was that the rooms sometimes had 2000 people listening.
When you have rooms that big, it becomes very difficult to participate.
I also noticed some people spending many hours on the Clubhouse app. It can be addicting. You have to be intentional about what you want to get out of it if you’re going to avoid wasting time.
Overall, my Clubhouse review is positive. This is an app that has the potential to be great. Just remember to be intentional, and be selective about who you choose to listen to.
If anything in this video resonated with you, be sure to “like,” share, and subscribe to the channel!
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CONNECT WITH PETER BOOLKAH:
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http://www.Boolkah.com
https://www.facebook.com/Boolkah
https://www.instagram.com/pboolkah/
https://www.linkedin.com/in/boolkah
https://twitter.com/boolkah
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ABOUT PETER BOOLKAH
--------------------
Peter Boolkah (AKA The Transition Guy) is the World’s #1 Business Transition Coach whose main passion in life is to work with talented and high performing business owners who are in the process of creating exciting, high growth businesses.
Peter helps you to navigate and transition through the crucial growth pains that all growing businesses experience making it as painless and exciting as possible.
It is important to remember that businesses do not just grow and develop on their own, it is up to us and our teams to make this happen by making every day purposeful.
As businesses grow some parts of the journey will be easier than others and most owners do not have all the answers. Starting a business is one of the most exciting things we get to do and we all have aspirations of achieving great things. In fact Peter is yet to meet someone who started a business with the intention of failing.
Peter’s ultimate life goal is to inspire and empower over 100,000 Entrepreneurs to create long term thriving businesses resulting in the creation of 1,000,000 jobs.
So if you are scaling up your business, you’re in a business transition period, and want to know more then connect with Peter at Boolkah.com
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THE TRANSITION GUY
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Peter Boolkah is the World's #1 Business Transition Coach and also known as ‘The Transition Guy’. This YouTube channel and his podcast is where he shares his unique and direct approach to taking back control of your business (and your life) while growing and transitioning your business from one level to the next.
As a business owner, transitioning your business is all about setting and reaching your goals as well as business transition planning and process.
Do you want to accomplish what you set out to do with your business? Do you have dreams of doing things other than running your current business? Could you do with some honest help and guidance to make it happen? If you answered YES then The Transition Guy is for YOU!
What are some of the investment opportunities that are out there? Venture capitalists have been making good use of their revenue in order to invest in industries that are starting to get more popular.
A lot of investment opportunities have shown themselves for a variety of companies and industries. And these organizations exhibit a lot of potential for growth in the future.
There are so many new ideas that have changed the marketplace. And together with them, new payment systems have been helping with their growth.
Before technology made it easy to create communities or start social networks, fewer venture capitalists were aiming for these sectors.
But as more people started using things like social media and online education, investment opportunities began to show themselves. And venture capitalists have jumped on the chance to invest in startups that were organized around those areas.
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CONNECT WITH PETER BOOLKAH:
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http://www.Boolkah.com
https://www.facebook.com/Boolkah
https://www.instagram.com/pboolkah/
https://www.linkedin.com/in/boolkah
https://twitter.com/boolkah
--------------------
ABOUT PETER BOOLKAH
--------------------
Peter Boolkah (AKA The Transition Guy) is the World’s #1 Business Transition Coach whose main passion in life is to work with talented and high performing business owners who are in the process of creating exciting, high growth businesses.
Peter helps you to navigate and transition through the crucial growth pains that all growing businesses experience making it as painless and exciting as possible.
It is important to remember that businesses do not just grow and develop on their own, it is up to us and our teams to make this happen by making every day purposeful.
As businesses grow some parts of the journey will be easier than others and most owners do not have all the answers. Starting a business is one of the most exciting things we get to do and we all have aspirations of achieving great things. In fact Peter is yet to meet someone who started a business with the intention of failing.
Peter’s ultimate life goal is to inspire and empower over 100,000 Entrepreneurs to create long term thriving businesses resulting in the creation of 1,000,000 jobs.
So if you are scaling up your business, you’re in a business transition period, and want to know more then connect with Peter at Boolkah.com
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THE TRANSITION GUY
--------------------
Peter Boolkah is the World's #1 Business Transition Coach and also known as ‘The Transition Guy’. This YouTube channel and his podcast is where he shares his unique and direct approach to taking back control of your business (and your life) while growing and transitioning your business from one level to the next.
As a business owner, transitioning your business is all about setting and reaching your goals as well as business transition planning and process.
Do you want to accomplish what you set out to do with your business? Do you have dreams of doing things other than running your current business? Could you do with some honest help and guidance to make it happen? If you answered YES then The Transition Guy is for YOU!
When you're buying a business, it's important to understand what the business is about. You need to take your time, do due diligence, and make sure that you choose the right business for you.
You'll have to learn how to market yourself as a business owner, and you might find yourself stuck with having to work 24/7 just to make sure the business stays afloat.
You could end up buying a job and working yourself to exhaustion without having the chance to enjoy what you're actually doing with your investment.
Think of it this way - are you really buying a business? Or are you just buying more work?
In this video, I'll tell you more about the things you should consider before buying a business, and why it's important to practice due diligence before making any commitments.
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CONNECT WITH PETER BOOLKAH:
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http://www.Boolkah.com
https://www.facebook.com/Boolkah
https://www.instagram.com/pboolkah/
https://www.linkedin.com/in/boolkah
https://twitter.com/boolkah
--------------------
ABOUT PETER BOOLKAH
--------------------
Peter Boolkah (AKA The Transition Guy) is the World’s #1 Business Transition Coach whose main passion in life is to work with talented and high performing business owners who are in the process of creating exciting, high growth businesses.
Peter helps you to navigate and transition through the crucial growth pains that all growing businesses experience making it as painless and exciting as possible.
It is important to remember that businesses do not just grow and develop on their own, it is up to us and our teams to make this happen by making every day purposeful.
As businesses grow some parts of the journey will be easier than others and most owners do not have all the answers. Starting a business is one of the most exciting things we get to do and we all have aspirations of achieving great things. In fact Peter is yet to meet someone who started a business with the intention of failing.
Peter’s ultimate life goal is to inspire and empower over 100,000 Entrepreneurs to create long term thriving businesses resulting in the creation of 1,000,000 jobs.
So if you are scaling up your business, you’re in a business transition period, and want to know more then connect with Peter at Boolkah.com
--------------------
THE TRANSITION GUY
--------------------
Peter Boolkah is the World's #1 Business Transition Coach and also known as ‘The Transition Guy’. This YouTube channel and his podcast is where he shares his unique and direct approach to taking back control of your business (and your life) while growing and transitioning your business from one level to the next.
As a business owner, transitioning your business is all about setting and reaching your goals as well as business transition planning and process.
Do you want to accomplish what you set out to do with your business? Do you have dreams of doing things other than running your current business? Could you do with some honest help and guidance to make it happen? If you answered YES then The Transition Guy is for YOU!
Today I'd like to share my takeaways and lessons from Bill Gates derived from the past year. Despite everything that's happened, have you been feeling gratitude for what humanity has accomplished?
Everyone is so busy with making a profit and being individually successful that we have a tendency to forget our essence as human beings.
We forget that with unity and working together, we can accomplish so much!
Despite being faced with something that threatened our survival, one thing we can be proud of is how we've been pulling through so far.
And with all the advancements we've made in the previous year alone in terms of medicine, it begs the question, what other goals can we accomplish by working together?
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CONNECT WITH PETER BOOLKAH:
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http://www.Boolkah.com
https://www.facebook.com/Boolkah
https://www.instagram.com/pboolkah/
https://www.linkedin.com/in/boolkah
https://twitter.com/boolkah
--------------------
ABOUT PETER BOOLKAH
--------------------
Peter Boolkah (AKA The Transition Guy) is the World’s #1 Business Transition Coach whose main passion in life is to work with talented and high performing business owners who are in the process of creating exciting, high growth businesses.
Peter helps you to navigate and transition through the crucial growth pains that all growing businesses experience making it as painless and exciting as possible.
It is important to remember that businesses do not just grow and develop on their own, it is up to us and our teams to make this happen by making every day purposeful.
As businesses grow some parts of the journey will be easier than others and most owners do not have all the answers. Starting a business is one of the most exciting things we get to do and we all have aspirations of achieving great things. In fact Peter is yet to meet someone who started a business with the intention of failing.
Peter’s ultimate life goal is to inspire and empower over 100,000 Entrepreneurs to create long term thriving businesses resulting in the creation of 1,000,000 jobs.
So if you are scaling up your business, you’re in a business transition period, and want to know more then connect with Peter at Boolkah.com
--------------------
THE TRANSITION GUY
--------------------
Peter Boolkah is the World's #1 Business Transition Coach and also known as ‘The Transition Guy’. This YouTube channel and his podcast is where he shares his unique and direct approach to taking back control of your business (and your life) while growing and transitioning your business from one level to the next.
As a business owner, transitioning your business is all about setting and reaching your goals as well as business transition planning and process.
Do you want to accomplish what you set out to do with your business? Do you have dreams of doing things other than running your current business? Could you do with some honest help and guidance to make it happen? If you answered YES then The Transition Guy is for YOU!
Being a leader means setting a good example for others to follow. On the other hand, bad leadership can have a corrosive influence on an organization.
Take Donald Trump, for example.
Every outgoing president has certain privileges when it comes to granting pardons; however, Trump’s use of pardons can only lead one to question his character.
Paul Manafort was convicted for meddling in the 2016 elections; Roger Stone was convicted for lying to Congress about Hilary Clinton's leaked emails; Charles Kushner was convicted and sentenced to two years in prison for tax evasion.
Then there's the Blackwater contractors who were involved in the 2007 Fallujah massacre, and Michael Flynn, who was convicted for election tampering.
It is simply bad leadership to give these convicted individuals pardons. But it’s not just Donald Trump who engages in nepotism, nor does it only take place in the political sphere.
Being a leader in business carries its own responsibilities, it’s privileges, and pitfalls.
For example, when managers reward employees who are performing badly, it sends a damaging message to the rest of the organization. It erodes team unity and causes internal divisions that are often difficult to repair. How would you feel if you were passed over for someone who consistently performed worse than you?
Bad leadership frays the fabric of any organization, whether that’s a business or government. Being a leader means making your team better. That means holding people to the same standards, and rewarding based on merit, not connections.
If anything in this video resonated with you, be sure to “like,” share, and subscribe to the channel!
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CONNECT WITH PETER BOOLKAH:
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http://www.Boolkah.com
https://www.facebook.com/Boolkah
https://www.instagram.com/pboolkah/
https://www.linkedin.com/in/boolkah
https://twitter.com/boolkah
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ABOUT PETER BOOLKAH
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I’m Peter Boolkah, The Transition Guy. This tag comes from my passion for helping entrepreneurs attain meaningful change and growth, both in their personal and professional lives.
I provide business coaching to clients around the world ranging from solo entrepreneurs to executive management teams at large organisations.
I understand the overwhelming feeling that comes from a lack of motivation to make changes. I help entrepreneurs channel their ambition to move past roadblocks allowing them to implement change and ultimately free their time to take their business to the next stage.
Whether the ultimate goal is to grow or sell the business, I’ll facilitate year-on-year growth and help you achieve the kind of personal freedom you may have been lacking.
You’ll gain the knowledge to install the right business structure, systems and management strategies, so you, and your business, can reach your full potential.
You deserve the business you had in mind when you started out but the path to success isn’t easy is it? We don’t know what we don’t know. This is why I believe we should enlist experts, when needed, to speed things along.
I’m now proud of the fact that with my guidance clients install the right business structure, systems and management strategies, without which they wouldn't reach their full potential.
By supporting the charity B1G1 I have even more motivation to succeed. It’s wonderful to know that when my business is doing well, many people have the opportunity to live a better life.
🌟 For help with your cash flow, check out the FREE webinar:
https://event.webinarjam.com/register/1/7v4gqb7
🌟 Or join the community at:
www.boolkah.com/academy
Sometimes opportunities in business can be hard to recognize. For every chance you don’t take, there’s a potential for a missed opportunity. A decision not to hear an offer could leave you feeling regret years later.
I’m thinking about Elon Musk's claim that at one point he offered to sell Tesla to Apple. Apparently, Tim Cook wouldn't take the meeting.
At the time, Tesla was developing the Model 3. Unfortunately, Tesla ran into massive manufacturing issues. They couldn't get the cars out quickly enough, and when they got them out, there were defects. He was running out of money, and he had overextended his cash due to the delays.
So, he had to look at the options. And he was looking to sell Tesla at one-tenth of its current market value. That is a HUGE bargain, and a massive missed opportunity. Apple has done lots of acquisitions and is cash rich. I wonder what Tim Cook was thinking in turning down one of the greatest opportunities in business?
That being said, how many of these Tim Cook moments have you had? I know I’ve had several; many of them I’ve come to regret.
The model 3 is now the best selling luxury car in the US. Imagine, to be able to buy such a successful company at one-tenth of the current market value. What an incredible missed opportunity.
It just goes to show that you’ve got to stay open to opportunities in business. You never know when the next one will come knocking.
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CONNECT WITH PETER BOOLKAH:
--------------------
http://www.Boolkah.com
https://www.facebook.com/Boolkah
https://www.instagram.com/pboolkah/
https://www.linkedin.com/in/boolkah
https://twitter.com/boolkah
--------------------
ABOUT PETER BOOLKAH
--------------------
I’m Peter Boolkah, The Transition Guy. This tag comes from my passion for helping entrepreneurs attain meaningful change and growth, both in their personal and professional lives.
I provide business coaching to clients around the world ranging from solo entrepreneurs to executive management teams at large organisations.
I understand the overwhelming feeling that comes from a lack of motivation to make changes. I help entrepreneurs channel their ambition to move past roadblocks allowing them to implement change and ultimately free their time to take their business to the next stage.
Whether the ultimate goal is to grow or sell the business, I’ll facilitate year-on-year growth and help you achieve the kind of personal freedom you may have been lacking.
You’ll gain the knowledge to install the right business structure, systems and management strategies, so you, and your business, can reach your full potential.
You deserve the business you had in mind when you started out but the path to success isn’t easy is it? We don’t know what we don’t know. This is why I believe we should enlist experts, when needed, to speed things along.
I’m now proud of the fact that with my guidance clients install the right business structure, systems and management strategies, without which they wouldn't reach their full potential.
By supporting the charity B1G1 I have even more motivation to succeed. It’s wonderful to know that when my business is doing well, many people have the opportunity to live a better life.
Do you want to accomplish what you set out to do with your business? Do you have dreams of doing things other than running your current business? Could you do with some honest help and guidance to make it happen? If you answered YES then The Transition Guy is for YOU!
🌟 For help with your cash flow, check out the FREE webinar:
https://event.webinarjam.com/register/1/7v4gqb7
🌟 Or join the community at:
www.boolkah.com/academy
As we move into the new year, it’s important to understand the difference between strategy and execution. Many companies have well-crafted strategies, but unless their people learn how to execute a plan, nothing will come to fruition.
This is the primary reason why so many companies out there are failing to execute their plans. At the end of the day, having a strategy is great; but getting people to implement it is something entirely different.
Business plans are all about growing the company and creating lofty goals. But is your team equipped to execute a plan that is truly ambitious? Strategy and execution need to go hand in hand, otherwise you go nowhere.
Why are people a point of failure for so many businesses? To use a football analogy, there was a lower division team that was recently moved up. However, after one season they were relegated back down. The problem was that they didn’t have the substitutes to sustain a high level of performance throughout the season.
When it comes to a strategic plan, people often come in with energy. But over time the company starts to regress back to where it started because the team doesn’t step up.
Find out who on your team wants to learn, grow, develop, and deliver fantastic results. These are the people you need to mentor.
When you have a team that’s able to execute a plan effectively, you’ll have a much easier time achieving the results you want. Make strategy and execution a key part of your success in 2021.
🌟 For help with your cash flow, check out the FREE webinar:
https://event.webinarjam.com/register/1/7v4gqb7
🌟 Or join the community at:
www.boolkah.com/academy
We're coming to the end of 2020, which means it's time to start planning for 2021. Have you taken time out to do business planning for the coming year? What does your plan look like for 2021?
I'm still amazed at how many businesses go into the next year without planning out what they want to achieve.
What's the difference between all of those companies that succeeded in 2020 and those that did not? If everyone has the same opportunities, why does one person take advantage of them and another person doesn’t?
It often simply comes down to planning. People say to me that it's difficult to do business planning with so much uncertainty out there. But the thing is, there's always going to be uncertainty. There's never going to be a perfect time to plan, and there's never going to be a perfect plan to create. But it’s still important to start planning for 2021.
By going through the planning process, you give yourself the best opportunity for success -- even as things around you change. Think about where you want your business to go, and stick to that plan.
Just because you don't have experience planning, don't let that stop you. Find someone who can help you go through the business planning process. By planning for 2021, you’ll have a map that will help direct you through uncertain times. Once you know where you’re going and how to get there, the path becomes a whole lot easier.
🌟 For help with your cash flow, check out the FREE webinar:
https://event.webinarjam.com/register/1/7v4gqb7
🌟 Or join the community at:
http://www.boolkah.com/academy
Is now a good time to sell a business? The answer is, it depends! Certain industries, like the medical industry for example, are hot commodities right now. These types of companies are selling for big multiples.
If you're in a "hot" industry, then YES now is a great time to be selling.
However, the reality is that for most industries now is NOT a good time to sell. If you're in hospitality or retail, it's actually a really bad time to sell.
With that said, one person's loss is another person's gain and when it comes to buying a business we're fasting approaching "buy time!"
I believe that by Q2 of 2021 many businesses that are currently being artificially propped up and sheltered from the recession will unfortunately have their bubble popped.
When the economy starts to turn in Q1 or Q2, these companies will really start to feel the heat. Access to cash will become harder and, most likely, their credit ratings will have taken a hit meaning creditor payment terms will change.
As they will be asked to make payments upfront, and managing their cashflow will become harder as cash reserves dwindle, a lot of these companies will be up for grabs at a discount.
If you're a buyer, there will be a lot of potential deals to be had. You'll need to be shrewd with your business valuations. Don't pay over the odds as there will be plenty of excellently priced opportunities.
By 2024/25 as we progress into the next economic cycle, investment will pick up and I think that'll be a great time for selling a business again.
If you're buying a business, or if you'd like my help putting your business for sale in order to get the maximum valuation please get in touch with me at http://www.Boolkah.com
🌟 For help with your cash flow, check out the FREE webinar:
https://event.webinarjam.com/register/1/7v4gqb7
🌟 Or join the community at:
http://www.boolkah.com/academy
Is now a good time to sell a business? The answer is, it depends! Certain industries, like the medical industry for example, are hot commodities right now. These types of companies are selling for big multiples.
If you're in a "hot" industry, then YES now is a great time to be selling.
However, the reality is that for most industries now is NOT a good time to sell. If you're in hospitality or retail, it's actually a really bad time to sell.
With that said, one person's loss is another person's gain and when it comes to buying a business we're fasting approaching "buy time!"
I believe that by Q2 of 2021 many businesses that are currently being artificially propped up and sheltered from the recession will unfortunately have their bubble popped.
When the economy starts to turn in Q1 or Q2, these companies will really start to feel the heat. Access to cash will become harder and, most likely, their credit ratings will have taken a hit meaning creditor payment terms will change.
As they will be asked to make payments upfront, and managing their cashflow will become harder as cash reserves dwindle, a lot of these companies will be up for grabs at a discount.
If you're a buyer, there will be a lot of potential deals to be had. You'll need to be shrewd with your business valuations. Don't pay over the odds as there will be plenty of excellently priced opportunities.
By 2024/25 as we progress into the next economic cycle, investment will pick up and I think that'll be a great time for selling a business again.
If you're buying a business, or if you'd like my help putting your business for sale in order to get the maximum valuation please get in touch with me at http://www.Boolkah.com
🌟 For help with your cash flow, check out the FREE webinar:
https://event.webinarjam.com/register/1/7v4gqb7
🌟 Or join the community at:
www.boolkah.com/academy
As kids, we could envision our ideal life. We had professional and personal goals, and we didn’t feel limited by our imagination.
But when you go into business, things don't necessarily go according to plan. A lot of people go into business because they want to better themselves. At first, we have this huge adrenaline rush. We’re excited to finally be free from a 9-5 job, or we’re simply happy to build something that’s our own.
But what often happens is the business takes over. You begin to work harder and harder to the point that your ideal life starts to take a backseat to the everyday grind. At this point, your professional and personal goals are both being sabotaged.
The problem is, you're scared to stop because the revenue would stop. Before you know it, your business is your boss. The freedom you wanted for yourself escapes you. We need to flip that.
The key is to go back to those days when we were young and could dream. If you own your business, the business should serve you. However, the only way that will happen is if you map out what your personal life should look like. After all, how are you going to structure a business to give you your ideal life if you don't know what that life looks like?
It’s time to reimagine your professional and personal goals. Give yourself the right map so that you can get to where you want to go.
Why Arcadia Group Couldn't Find a Buyer
🌟 For help with your cash flow, check out the FREE webinar:
https://event.webinarjam.com/register...
🌟 Or join the community at: www.boolkah.com/academy
Is it time for an organisational restructure? With changes brought on by the pandemic, and advances in technology, corporate restructuring is going to become an important process in 2021 and beyond.
Resizing is not a term that is commonly used in business. But this will be one of the most common words of 2021.
I grew up in the era where your environment was really crucial to your business. You wanted to create the right kind of impression through your building and office space.
However, in the last three years, that space became less and less important as my work became international, and more reliant on video.
At the end of 2019, as my lease was coming to an end, I wondered if it was time for a corporate restructuring. When the pandemic happened, I didn't really think it would get to us to the degree it did. But as I gradually realized the extent to which it would shape our lives, I decided to do an organisational restructure and get rid of the office space.
With resizing, you lose space and gain other space; you gain different support structures and people.
How long do you want to hold onto the cost of physical space? How can you carve it up and change it?
Answering these questions will help you become more efficient, and you’ll be able to figure out whether or not it’s time for corporate restructuring. There are a lot of changes that go along with an organisational restructure, but if done right, they will help you save money and adapt to a changing world.
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CONNECT WITH PETER BOOLKAH:
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http://www.Boolkah.com
How would you feel if you heard that 95 percent of people will need employee retraining? At first I was quite skeptical of that claim, but the truth is that the future workplace could look very different than what we have now.
To me, the claim sounded like an exaggeration. But the last two months have made me understand that this could, in fact, be true.
The reason is that the way that we're working has changed. A lot of people are waiting for the world to bounce back to normal. But the reality is that normal probably isn’t going to come rushing back anytime soon.
So, we’re going to have to adapt and pivot.
I have a lot of clients that didn't want to do virtual meetings for the longest time. They were accustomed to the personal interactions, and I don’t blame them.
But the future workplace will be different and employee retraining is going to be a necessary part of that transition. My own switch to a completely online way of doing things meant that I had to teach myself new things.
When I first started conducting my strategic team planning days online, not everyone had the right facilities at home and so the experience was limited for some. Six months later there has been an incredible amount of innovation regarding online tools. It's like a whole new industry.
With this new industry, employee retraining is going to be crucial. Are you prepared for the future workplace? With each new change, make sure that your team is up to speed so that you can reap the benefits.
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Business changes are not always good. That’s why it’s important to know when to pivot your business and when not to.
You see, “pivot” is probably one of the most overused, overrated words of 2020. When the pandemic hit, everyone said “you've got to pivot.”
The problem is, I saw too many businesses become unfocused because they were just changing out of pure panic. When you've got no data, how do you know what you're pivoting to?
Of course, some businesses had no choice but to pivot for survival. But it's important to think about the long term consequences that may occur when you pivot your business. Any business changes that you make now are going to affect the trajectory of your business.
I recently did some work with a company, and their board had told them to diversify. I asked them what their market share was. When they told me they had under 5 percent of the market share, I was floored.
When you have only 5 percent of the market share, it shows that people out there don't know about you. This company was trying to enter into new markets without having successfully established themselves in their original market.
I see so many people chasing new, shiny objects. But sometimes you need to ask yourself what you need to fix in your business.
Before you pivot your business, think through the business changes you have in mind. Are they going to fix your problems, or potentially create new ones?
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Today I want to draw parallels between Maslow's hierarchy of needs and a business hierarchy of needs. How does Maslow's pyramid apply to your business?
Well, as I'm sure you remember from school, Maslow's hierarchy of needs outlines the five different tiers of needs we have as human beings. At the bottom we have physiological needs, above which we have safety needs, then psychological needs, then esteem needs and at the very top of the pyramid are self-actualization needs.
What's interesting amidst all the turmoil and hurt right now is that a lot of businesses have completely lost focus of where their customers are. They're seemingly oblivious to the fact that business needs and priorities have changed.
It's all well and good putting out marketing or promotional material that's aspirational and targeting self-esteem needs ("you can be what you want to be", "you can do what you want to do"), but right now are lot of people and businesses are in turmoil. The pandemic has left people jobless. It's put countless businesses on the brink of ruin. Incomes have been slashed. For many, even the roof over their heads is at risk.
As entrepreneurs and business leaders we need to be careful of what message we're presenting and who we're talking to. If for example, you're marketing to a business that's currently focused on the very basic, fundamental needs - fighting tooth and nail just to keep the lights on - guess what? Their circumstances have changed! They're probably not going to be interested in anything you're offering.
The reality is, basic needs must be fulfilled before moving up the pyramid. When you're marketing your product, you've got to really think about the people you're speaking to and where they currently fall in the Maslow and the business hierarchy of needs.
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CONNECT WITH PETER BOOLKAH:
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ABOUT PETER BOOLKAH
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Peter Boolkah (AKA The Transition Guy) is the World’s #1 Business Transition Coach whose main passion in life is to work with talented and high performing business owners who are in the process of creating exciting, high growth businesses.
Peter helps you to navigate and transition through the crucial growth pains that all growing businesses experience making it as painless and exciting as possible.
It is important to remember that businesses do not just grow and develop on their own, it is up to us and our teams to make this happen by making every day purposeful.
As businesses grow some parts of the journey will be easier than others and most owners do not have all the answers. Starting a business is one of the most exciting things we get to do and we all have aspirations of achieving great things. In fact Peter is yet to meet someone who started a business with the intention of failing.
Peter’s ultimate life goal is to inspire and empower over 100,000 Entrepreneurs to create long term thriving businesses resulting in the creation of 1,000,000 jobs.
So if you are scaling up your business, you’re in a business transition period, and want to know more then connect with Peter at Boolkah.com
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In this video, I want to talk to you about employment probation. Specifically, are we using these probationary periods to compensate for a bad employee recruitment process?
When I started working, we had a three-week probationary period. I wasn't hired on core values; they just hired me and gave me a trial period. It was very hit and miss. It was all about getting people through the door and trying them out.
In the 1980's this approach was common because there were plenty of people to hire. What people didn't consider was the financial impact on the business. It was just an accepted part of the process back then.
The reality is that this kind of employment probation is no longer a viable option. In the last thirty years it's amazing how our understanding has developed. Part of the employee recruitment process should include making sure that you have tangible core values that you and your organization believe in.
Some organizations don't have clearly defined core values. What happens is that the recruitment is done without a proper process. They go for aptitude rather than attitude. No matter how long the probationary period lasts, people use it as a get-out-of-jail clause.
When you start out working, you're probably going to see the best of your employees. If you don't, consider if you've hired correctly. If you hire on core values and have a solid employee recruitment process, why do you need more than a three-day employment probation?
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