Learn How to Face Demands of Responding to Life & Business Stages Together
All businesses and all individuals grow through natural stages of development over the course of a lifetime. Or they stagnate. They cease to grow. Growth spurts and developmental transitions naturally occur approximately every 7–10 years for individuals. Businesses also go through transitions and developmental stages when they grow from start-up through expansion. In business these stages are often marked by additional products, enlarged customer reach, and of course increased revenues.Having a smooth functioning culture with happy employees who have the support they require to do their job and the resources for their personal and professional development all begins at the top—it starts with the leadership. For business owners and business partners, having a long-view toward future transition out of the company or sale of the business puts markers for growth into perspective.Business Partners Need to Learn How to Face Demands of Responding to Life & Business Stages TogetherWhen business partners are aware of these long-term objectives—and their partnering relationship is solid—communicating through growth stages and transitions, providing access to resources for individual development, and other cultural values, naturally go hand-in-hand with productivity expectations and profit markers.Even though it's a necessary and natural part of growth, transitioning into the next stage always provokes some discomfort, and even anxiety about the changes to come. Some owners are more sensitive to changes on the horizon, expect and anticipate them, and plan ahead. Others are heads-down focused on the day-to-day demands. These heads-down types are often blindsided by the new and unexpected needs that arise. [...]