PD Strategies Blog

Many successful businesses are owned by Baby Boomers who would like to start stepping away and enjoying fruits of their years of labor. This requires special thought and planning and the time to begin is now. The planning will involve strategy, process, and people. There are number of steps that should be taken to prepare. These include legal, financial, and selection of the right person to shadow you and take over the business. In the first two areas you should work with an attorney and financial planner who understands tax laws. Remember too if this is a family business, and you have other children who will not follow the business how will their inheritance be handled. Now whether you seek succession of your business to your children or whether you seek to exit through sale you need to develop a strategic business plan. Your plan will need organizational vision, values, and...

Now might be a good time to look at the strategic direction of your company. Here are two basic questions. What business are you in? Are your employees aligned and are they doing the right things for the right reasons? What business are you in? Don’t laugh. What product or service do you really provide and have times including the last two years caused you to rethink? You might be providing computer and IT support but now you may be a consultant to clients to protect and secure their information. You might need to do a scan of the landscape, gather information, talk to customers, and study industry trends. Failure to do this may cause your business to decline. Listen to your customers and ask for their opinion about your services. Learn this and create your customer value proposition. Are your employees aligned and are they engaged? You will not exceed...

Have you lost your way in the last few years? You can find your way back by finding your why. Find your why and make sure the why of your team why is aligned with yours. Then the way (how) will present itself. Goal planning is not about writing down a list of tasks. Instead, it starts with a why which some people call a dream. Someone said, ”you gotta have a dream if you want a dream to come true. That’s the why. Frankly, if you do not have the WHY the HOW will not matter. Motivation and goal achievement are interrelated. You can’t motivate yourself or motivate others. You need instead to reach down and find that motivation and bring it to the surface. If you know a staff member’s why or hot button just give them the job that fits their passion. You will be amazed at how...

It is certainly easy to say that you know today’s problem. There is no denying that the last two years have provided challenges. Don’t just make the mistake of thinking once the country returns to “normal” we will be fine. Smart employers are starting to ask questions and look for root causes. The problem of the great resignation and the search for talent is real. Is it just because of the pandemic or has the last two years cause some paradigm shifts? What you are seeing are symptoms and they are real problems. You want to remove the problem or, at least, move forward in spite of the problem. You can’t take a knee jerk reaction and treat the symptoms. It is important to look at the whole picture rather than make a reactive fix. It would be a mistake to treat the symptoms rather than cure the disease. Many reactive...

Given the great resignation and difficulty finding employees it is easy for hiring managers to overreact. Don’t do it. The wrong people will do more damage than no people. Please remember that culture combined with team engagement has proven to improve outcomes including financial performance. Culture influences every area of the organization. It affects the public and customer perception, but it also affects the way people do their jobs and their connection to the mission and values of the organization. In short, an organization’s culture is seen in actions and behaviors which model the values it lives by. Your hiring process must support your culture. One organization states it this way in one of their cultural pillars. “We very carefully guard who gets to be an associate in our organization.” This organization looks at values, attitudes, and behaviors in making staff selections in addition to those skills needed to perform the...

Are you a strategic leader? A strategic leader has a vision and shares that vision. He or she inspires goals and timetables to achieve that vision. When I speak with my Westchester County NY business leaders about traits that make a good leader no one can agree. However, they all agree that a leader must have vision. That is to say that they are strategic. All successful strategic leaders must be able to set goals and achieve results. Here is a results-based model of leadership proven to produce success.   It begins with setting goals through your organization's strategic plan that are focused on your vision. In this process you define the desired results from your team members. It continues by aligning the people and the processes to ensure its realization. The goal is to have all your operations linked to the plan. Then virtually everything that happens should work toward achieving...

Due to these turbulent times you should be readjusting your business plan. Most business plans begin with a statement of vision, mission, and values. Mission and vision can change as is the case now. However, core values should never change. Values are more important than anything else when selecting team members. You may now need different skills; you may be changing job duties; you may have new protocols; but your values should be cast in stone! If you know your core values and stand behind them, you can change goals and set new direction with confidence. Your values will help you with your WHY. Moreover, your why is much more important than your how. How many businesses can say why they are in business or articulate their basic business foundation? You might be surprised at how few really can. Your core values are of greater importance than vision. These are the...

Depending upon the organization needs a culture change might be needed. People are updating their strategic plans in light of current turbulent conditions. It has been said that culture eats strategy for lunch. What does that mean? It means that everything comes from the culture of the organization. If you don’t have the culture that you want, you will have no choice but to change it. Attitudes drive culture. I love what Zig Ziglar said, “Your attitude determines your altitude.” The fact is that people do not put enough emphasis on how attitude affects performance. If you are the leader of the organization your attitude affects the culture of your organization and, ultimately, its performance. An organization that has a positive vision and values, and that has leadership that lives and promotes those values is creating a positive culture. But if there is a negative attitude at the top the culture...

Stop worrying about how to do something and stop telling your staff how to do something. Instead, find your why and make sure their why is aligned with yours. Then the way (how) will present itself. Goal planning is not about writing down a list of tasks. Instead, it starts with a why which some people call a dream. Someone said, ”you gotta have a dream if you want a dream to come true. That’s the why. Frankly, if you do not have the WHY the HOW will not matter. Motivation and goal achievement are interrelated. You can’t motivate yourself or motivate others. You need instead to reach down and find that motivation and bring it to the surface. If you know a staff member’s why or hot button just give them the job that fits their passion. You will be amazed at how they will surprise you with results. Make...

If bad habits were easy to change, we would have so much more success. Unfortunately, that is not the case. In fact, bad habits and bad behaviors are the biggest obstacles to success in business. We need to be spending more time on attitudes and behaviors and at least as much time as we spend on developing skills and knowledge. That is because most employee terminations and business failures occur because of habits and behaviors. If any of you have ever done an assessment with a coach or you have had a developmental assessment for your job you probably saw a section on the worksheet that is titled “I will stop doing…” If you are doing things that are harmful to your business, why do you keep doing them? In most cases we are in a comfort zone and we don’t want to change because making any change will be uncomfortable....

It is important that a business clearly define its values and work with those who share those values. Unfortunately, many businesses still need to clearly define their core values so that there is no question where they stand. For that matter, how many businesses can say why they are in business or articulate their basic business foundation? You might be surprised at how few really can. Any successful business needs to have vision—that is what the business will look like when it is successful. You must have a dream if you want to have a dream come true. Your core values are of greater importance than vision. These are your ideals you live by. These are your non-negotiables. If you know why you are in business, if you have a vision, and you have values you may then build your marketing plan and you will know how to make the right...

Many people start a business and develop a plan to market and sell their product and service.  But if that is all they have, in my opinion, there is a key ingredient missing.  Your need vision if your business is to survive and thrive.  And you also need values.  They should make it perfectly clear what type of company you are.  Surprisingly, many businesses cannot say why they are in business nor can they articulate their basic business foundation and founding principles.  Why you are running the business is more important than how you run it.  If you find that statement hard to believe then read on. Any successful business needs to have vision—that is what the business will look like when it is successful.  Your vision is your dream and as Walt Disney said, you must have a dream if you want to have a dream to come true.  Of...

Many times my clients in Westchester County New York tell me that they have problems with time management. If that were the case, then they would be able to solve their problems very quickly. But time management is not a time management issue at all. It usually involves a much bigger issue including attitudes and behaviors. Since it involves a much bigger issue you can’t solve the problem simply by being more organized. Systems alone cannot help create more time. There are many books that tell you how to organize your time. You can buy a day planner, or use Apps or other organizing and calendar programs but still have no better control of your day. The root cause of the problem is not the lack of systems or processes. It is our own attitudes about time, our bad habits and our bad behaviors. It is a fact that you only...

Time management is more about priorities and knowing what is really important to you. For example, let’s say you just received a sizable inheritance. One or two might go a throw a big party. More than likely most would invest it or pay down debt. What about time. Do you invest your time or do you waste your time? If you don’t know what you want or where you want to go you will most likely waste time. So before we talk about time management decide where you want to go. Where do you want to go? What are your values? What do you believe and what are your priorities? Your answers will determine how you spend your day. There is a difference between spending time and investing time. According to Webster to spend is to use up, exhaust, or consume. In other words, if you spend you have no return....

Knowing your core values and standing behind them will lead to success in your business and personal life. Unfortunately, many people cannot articulate their vision or their core values. Your values will help you with your WHY. Moreover, your why is much more important than the how. How many businesses can say why they are in business or articulate their basic business foundation? You might be surprised at how few really can. If you find that statement hard to believe then read on. Any successful business needs to have vision—that is what the business will look like when it is successful. Your vision is your dream and as Walt Disney said, “you have to have a dream if you want to have a dream to come true.” Your core values are of greater importance than vision. These are you ideals you live by. These are your non negotiables. If you know...

Are you reading one page of a book but your staff is on a different page? Worse than that, are they even reading the same book? In other words, are you taking a course of action, asking your staff to follow then turning and finding no one there? The best way to see that this does not happen is to make sure that you are a focused leader, that you empower your engaged employees, that they will in turn create loyal customers leading to growth and success. Focused Leader - You may be the owner, the manager, or CEO but that does not mean you are seen as the leader. You appoint yourself CEO but your team will follow you if you are the leader.   As manager you can influence the process through which people recognize your leadership. You do this by creating an environment where people will join your team....

In management which is more important—Doing things right or doing the right things? The answer may surprise you because it depends on the situation. Both of these behaviors are required to lead a team or manage a business. In Doing Things Right you establish detailed steps and timetables for achieving needed results, establish structure, monitor results, and execute specific plans. On the other hand, Doing the Right Things includes establishing direction, aligning people, and motivating and inspiring people. In short, management (Doing Things Right) is important but will not succeed without leadership (Doing the Right Things). In the case of an entrepreneurial leader this would be described as the difference between working IN your business and working ON your business. Let’s take an example. There are numerous great cooks and chefs that feel that because they understand how to create a great meal that, therefore, they would be a natural to...

Most successful business owners cite laser focus on the right things as paramount to their success. Staying focused and staying sharp on the things necessary to grow and change is important. But sometimes business gets lazy and in a rut. The owner stops seeing the big picture. The business has had years of successful sales and profits. Since the business is still making money and continuing to operate the reasoning is, if it’s not broke don’t fix it. But recently the business has experienced a decline in sales and profits. In short, there have been changes in the economy and the market. In order to remain successful the business owner must refocus. How are you doing? Take this 5 area checkup: 1. Make sure you know what business you are in. If you make cell phones do you provide smart phones or do you create facilitated mobile communication? If you run...

Your core values guide you in your journey through your business and personal life. It is similar to a compass or a GPS.   In a previous post I have talked about the why being more important than the how. Much of your “why” is derived from your core values. These are your non negotiables—the ideals you live by. Your compass or your GPS tells you the direction to go and how to get to your destination. But the GPS will send you to the destination based on your preferences for type of highway and the like. It won’t take you on a narrow road if you have a preference for main highways. Your core values operate much the same way. It is important to define your core values. That way you and others will know what you stand for. If you run and company and you hire people you should only...

Your core values guide you in your journey through your business and personal life. It is similar to a compass or a GPS.   In a previous post I have talked about the why being more important than the how. Much of your “why” is derived from your core values. These are your non negotiables—the ideals you live by. Your compass or your GPS tells you the direction to go and how to get to your destination. But the GPS will send you to the destination based on your preferences for type of highway and the like. It won’t take you on a narrow road if you have a preference for main highways. Your core values operate much the same way. It is important to define your core values. That way you and others will know what you stand for. If you run and company and you hire people you should only...