Friday, December 15, 2017

A 2018 Wish List

This will mark my final blog post for 2017 and that small bit of news will most likely elicit applause from those of you who are tired of me continually scolding you for procrastinating with regard to succession planning.

Yet many will continue to kick that critical can down the road in 2018 until you contact us in a mild panic about what to do. Trust me, I’ve seen this movie before and I can expect at least half-dozen reruns in the New Year.

Tuesday, December 12, 2017

Change: Whether Behind or in Front of the Door

A number of years ago, one of my former managers who had been charged with reversing a extended slide in advertising sales at our publishing company addressed a room full of editors and sales staff on what to expect in the coming months.

Most of us were fearful of wholesale layoffs and divisional restructuring and many in secret, including yours truly, were scouring the want ads (remember those?) in case we were summoned into the office and summarily handed the dreaded pink slip.

Instead, he held up a piece of construction paper with a picture of a clock – both hands on 12. He then took a Sharpie and drew one hand so it was five minutes past the hour.

“Change doesn’t have to be 24 hours,” he said. “This is change.”  We all breathed a sigh of relief that we would at least be employed for the short term and, in a storybook ending, within three years our division turned in the best performance in the company’s 50-year history.

Not to sugar coat it, “change” is often a scary word. For most, change is often perceived as a negative although it often can be quite the opposite.

Tuesday, December 5, 2017

Your Firm Should Have a “Honey Do” List

Once the seasonal decorations come down and the mailman requires a power-lifting belt to deliver your monthly credit card statements, the small window between now and tax season is probably a good time to take a holistic view of your practice to see what needs to be done post 4-15.

Unlike my already assigned chores of re-grouting the upstairs bathroom and finding a competent electrician to rewire the stove hood, yours should be far more practice-centric and have a checklist to determine if anything occurred during the year that would have an impact on your strategic goals.

And that list probably should start with your staff.