leadership

19 Jul 2011

Are You Working on the Business?

By |2017-05-24T13:03:07-06:00July 19th, 2011|Categories: Business Strategy, Doug's Blog, Working on the Business|Tags: , , , , , , , , , , , , |

Man On Roof - Working on the Business

What does working on the business really mean?

As a business owner (or entrepreneur) you spend a lot of time working to build your business. You are:

  • Finding new customers,
  • Keeping existing customers happy,
  • Providing your product or service to customers,
  • Hiring good people,
  • Retaining your employees,
  • Keeping on top of the finances,
  • Putting out fires,
  • And generally growing your business.

And many business owners can generate a lot of revenue and even profit doing the above. They may even significantly grow their businesses.

So isn’t that […]

18 Sep 2009

Employee Share Ownership – Alignment of Goals

By |2017-07-26T21:26:37-06:00September 18th, 2009|Categories: Business Strategy, Doug's Blog, Dream Teams|Tags: , , , , , , , , |

In my previous post on Strategy and Corporate Governance for Small Business, I talked about aligning Shareholder goals with the running of the company. This applies to employee share ownership as well.

When offering employees ownership you are making them shareholders.

Companies sometimes do this in an attempt to retain employees as the primary motive. However, there are issues:

  1. Shares in a privately held company are not the same as a cash bonus. They are a paper benefit until they can be sold.
  2. The goals of employee shareholders need to be in alignment with majority shareholders. If they are not then it might […]