smart ideas
WE NEVER WASTE A SMART IDEA
RFN Advisory Group’s smart ideas page brings together original and curated content from innovators and thought-leaders in value acceleration and transition-readiness, as well as other related areas.
Through the Lens of an Investor: Top 5 Reasons Every Business Owner Should Embrace the Perspective
The importance for business owners to occasionally adopt the perspective of an investor to gain valuable insights and opportunities for growth cannot be overstated. Here are five key reasons why this shift in perspective is beneficial, including enhanced objectivity, a focus on long-term value creation, identification of strengths and weaknesses, access to capital and resources, and strategic alignment and accountability. Learn more and take advantage of tools like Ready for Next's assessment to evaluate their businesses through an investor's lens, even if they're not currently seeking investment, as it can lead to enhanced enterprise value and long-term success.
Can leadership and culture make your business more valuable?
While the concise answer is a resounding "yes" to the question of whether leadership and culture can enhance business value, the more nuanced response explores how these factors contribute to success. This article emphasizes the importance of regularly assessing and strengthening the leadership team to propel business growth. Key considerations include recognizing the need for delegation, defining roles clearly and being willing to relinquish control for effective team-building.
Are you and your business rolling with the punches? Or getting knocked out?
If we assume VUCA is an adversarial environment – hostile to our short and long-term business interests – we bypass our cognitive biases telling us to dismiss what threatens our needs. We assume a posture of response rather than reaction and our approach to risk management switches from defensive to offensive.
When is it time to develop an exit strategy?
This article by guest writer, Julie Keyes, CEPA offers insight into three important things you can do for your business. These changes will help you have more control over your business transition, no matter how near or far in the future.
Five Planning Mistakes Family Businesses Can Make When Planning for Transition
Keeping a family functional and communicating can be difficult at the best of times. Add in a family business, especially an inter-generational business. There are five common planning mistakes family businesses make when it comes to succession planning.
Top 3 Value Killers
Building value in a business includes stopping or mitigating the things that kill value. As a flip-side to the top three value drivers blog, here is a look at the top three value killers.
The Top 3 Business Value Drivers - They may surprise you
A focus solely on topline revenue can be misleading. Generating true value can take several different forms. Here we focus on the top three value drivers.