Jéan VenantAll Articles
Family Successors Too Young or Unqualified?
Lack of a qualified family member successor is a common reason family business owners decide their only option is to sell their business; otherwise, they would rather keep it as a family asset. However, for owners looking to transition out of daily operations or "bridge" the leadership gap if something unexpected happens, there are a unique set of options available. In this video, our succession advisor, Jèan Venant, describes a few of the many strategies available to business owners who want to bridge a leadership gap and keep the family business. Family Business Resources: Leverage [...]
How do I protect my business if I, as the owner gets the virus or one or more of my key people?
Business contingency planning is essential for ongoing business success. For business continuity, the key leadership must put processes and structure in place that if they are not around, or if something unexpected happens, the business still survives. Unfortunately, if this is not in place, the business value can be dramatically impacted. Consider an accountability chart – who can step into the key roles and ensure training is in place. The key is having the right structure and having the right people in the right places. The most important thing is your people. The second most [...]
How do you best support employees at different stages of stress and potentially grief?
As we continue to navigate the pandemic, it is important to recognize that your employees have been on a roller coaster of emotions for a long period of time. You may already be doing it, but providing support to your people is critical to help them navigate stress and even grief. One critical way of navigating this is by being intentional in your communications with your people. Ask them how they are feeling, how they are doing, and if there is anything you can do to help them. Be intentional about listening to what they [...]
Succession Planning for the Meat Business
Jéan Venant shares insight on how to navigate the succession planning process and how to prepare the new owners for leadership positions.The webinar covers:Handling the financial aspects of a succession planMaintaining fairness when a business is transferred to multiple siblingsPreparing the next generation for new responsibilitiesSuccessfully preparing for retirementClick the following link to listen to Jean's insight on the National Provisioner website: Succession Planning for the Meat BusinessRead the article and then reach out to us to get some insights into your own situation. A few moments with us will provide you insight and clarity for your next steps forward. [...]
How Can Franchisees and Dealers Retain or Increase Their Sales?
Unknowns and uncertainty can have a direct negative impact on culture. Emotions stir internally, therefore a store manager has to reset the thermostat to a “we will thrive” setting. How you react matters when coming out of a pandemic, crisis, or any other situation in which your employees may be confused and concerned. Clear communication, being flexible, and taking a realistic look at your operations are all key considerations for how you can retain or increase your sales (not to mention your people, too). Another key element to coming out of the crisis is looking [...]
What Should I Do Now to Operationally Protect My Business From the Unknown?
The unknown is unpredictable and unavoidable. However, you can protect your business from an operational perspective in some very simple ways. One of the most critical components revolves around communication. Clear, open, and consistent communications with clients, customers, and employees help to keep rumors and uncertainties to a minimum while building trust. Another important area to focus on is cash conservation, or access to cash when a crisis hits. As we’ve learned, cash is king, and the more liquid you are when an unknown hits, the more flexible and agile your organization can be. Other [...]
