From Legacy Moment eNewsletter (12/03/2010)
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It’s that time of year. We’ve all heard the cliché "hope is not a plan," so now is the time to plan for next year and the next chapter of your business. The best part of planning is the creative idea-storming that precedes the written document. Follow these five hints to begin the process:
- Schedule a planning meeting with your management team. Before the meeting, distribute pertinent business/financial/market information that may help to inform the team and encourage productive dialogue.
- Establish some planning meeting behavior guidelines. The meeting should not become a management-driven diatribe, but rather a dialogue among a mutually dependent team of professionals.
- Allow each participant time to act and react. Carefully consider each person’s input; as a part of the management team, their input will be valuable because they see the world differently than you. Listen and learn.
- Consider utilizing an outside facilitator and meeting in an offsite (neutral) location. Both of these factors promote discussion beyond the hierarchal chain of command. People, especially subordinates, need to feel safe in order to speak freely and willingly offer suggestions.
- Conclude the meeting with a strategy for follow-up. Divide action tasks/responsibilities across the management team, including due dates and expected levels of performance. Inclusion depends on each person’s verbal input, physical contribution, continuing support and implementation. It all begins in the planning stages.
- A Lesson from the Golden Eggs (Our most requested ‘Leave a Legacy’ column, first printed in early 2008.)
- Snowy day? Catch up on archived episodes of Leave a Legacy TV.
- We invite you to ask Kevin about your succession planning concerns.
- Sign up for, or learn more about, Legacy Project Workshops in December:
Dec. 8 in Columbus, Ohio
Dec. 10 in Lansing, Michigan
Dec. 16 in Harrisburg, Pennsylvania
2010: A Year in Review and How to Prepare for 2011
EHedger Closing Grain Commentary 12/7/10