Next Chapter Ventures

Just finished TRUST by Henry Cloud. Would highly recommend for anyone in a leadership position in family and/or business. Covers the "Five Essentials of Trust" and how to apply them in challenging real life situations. 1. Understanding 2. Motive 3. Ability 4. Character 5. Track Record Let me know what you think. #Trust #Leadership

Unlocking the Secrets to a Thriving Family Business..... Family businesses offer immense rewards but come with unique challenges. Are you up for it? My journey in family business began at 13, working at my dad Norm’s sports store and Christmas tree lots. Now, 40 years later, I collaborate with my wife Tanya in her highly successful Home Staging business. Throughout my 40-year career as an entrepreneur and executive, I’ve learned the importance of balancing personal connections with professional responsibilities. I have seen it all—the good, the bad, and the ugly. A thriving family business relies on loyalty and trust. If you're part of a family business or considering joining one, here are some essential tips: 1. Clear Vision: Define a clear future for the business. 2. Strategic Plan: Keep your strategic plan up-to-date. 3. Defined Responsibilities: Clearly outline roles and boundaries. 4. Effective Communication: Maintain excellent communication. 5. Regular Meetings: Hold regular family meetings. 6. Governance Structure: Establish robust governance for sustainability. 7. Conflict Resolution: Develop a process for resolving conflicts. 8. Shareholder Agreement: Protect all parties with a shareholder agreement. 9. Exit Strategy: Have a mandatory exit strategy. 10. Key Person Insurance: Secure key person life insurance. 11. Continuous Education: Invest in ongoing education and training. 12. Advisory Board: Consider an independent advisory board as you grow. With 40 years in the family business and corporate world, I’ve seen how strategic approaches can elevate enterprises. Recognizing nuances, leveraging strengths, and balancing personal and professional relationships are crucial for success and legacy. Family businesses demand dedication and strategic insight, but the rewards are profound. Embrace this ongoing learning process for lasting prosperity. What are your thoughts? I’d love to hear your experiences and any additional tips you might have. Share your comments and feedback below! #Family #FamilyBusiness

“An Exit Strategy is like a GPS for your business.” Thank you to Doug Keeling and Brian Warr for the opportunity to speak to the Castle Building Centres Group Ltd. NFLD dealers. We are on our way home from our first vist to the beautiful province of Newfoundland. We hope to be back soon. “You own your business, it does not own you” #Newfoundland #exitstrategy #strategicplanning #succession #familybusiness The PACE Network

Join us for a free 30 minute Next Chapter Ventures & The PACE Network small business "Succession Planning" Webinar on Thursday February 1st at 12 noon EST.

"PERSISTENCE PERSONIFIED" Dive into the extraordinary journey of Cam McCormick, skillfully narrated by James Crepea. This gripping tale, destined for the silver screen, unveils the indomitable spirit of a young man who exemplifies service, athletic prowess, unyielding work ethic, and innate leadership. Miami coach Mario Cristobal praises Cam, stating, 'Cam is an amazing young man of service, a great athlete, hard worker, and a natural-born leader. His return is a testament to his character and the values he brings to our team. We are excited to have him back for the upcoming season.' But the story doesn't end there. James delves deeper in his 2022 article, shedding light on the myriad challenges and obstacles Cam has conquered to stand tall today. #Persistence #Overcomer #Leadership #StudentAthlete #Inspiration #CamMcCormick University of Oregon University of Miami