HTG Peer Groups Blog
The HTG peer group experience is a unique forum for technology industry resellers who are serious about implementing a model for success in their own businesses through sharing and collaboration of best practices.
Have you thought about what that means and how to achieve it? The focus today for many is becoming physically healthier. People take on gym memberships and hire trainers and buy organic food in order to exercise better and eat healthier.
The same needs to happen in our companies. We need to establish a structure that provides a framework in which teams and individuals can effectively accomplish goals. A healthy organization is focused on growing in every area. Just like going to the gym for a physical workout, we need to be growing our organizational health as we work together to accomplish our objectives.
So how do we do that? At HTG we believe organizational health is based on four key pillars that help a business succeed:
Planning. We all know the statement that goes like this: “Failing to plan is planning to fail.” And when it comes to organizational health, that is very true. Not only do you need a business plan that defines your efforts for the next twelve months but also a strategic long term plan that helps you communicate a clear vision of where the company is headed and how you plan to get there. This is not a write it, share it once, and then file it in the drawer process. The business plan needs to be the operating manual for how the company will function. It should include a budget that manages the decision making discussions that need to occur on a regular rhythm. Planning is core to keeping a business on track.
Leadership. Where there is no leadership, companies flail and fall apart. It is one thing to have a plan, but with that comes the necessity to communicate it clearly and help each person on the team know where they fit. The key is to help the team have personal ownership for the things that are part of their responsibility. Often when we consult, we hear employees wonder where they fit into the overall picture. Leaders have to help them understand where they fit and the importance of the role they fulfill. It is based on sharing through open and honest dialogue so there are not those who know and those who don’t. It means meetings, which many avoid, but which are essential in order to lead well. We have to make time to connect if we truly want to lead well.Continue reading
In my previous post, I talked about the legacy impact of a business transition. We defined legacy as focusing on others and later and emphasized that in order to assure the legacy you leave is the one you desired, it is important to live your life focused on others now.
This flies directly in the face of a culture that is a bit narcissistic (face it—what would a person from a non-technological culture think about a group of people who create pages where they just post pictures and type things about themselves so that others can learn about their lives?) When we put it like that, it does seem a bit “me-focused,” don’t you think?
I want to remind you of a little math we did together in my last post.
If: Legacy = others + later
And you live by this formula: Life = me + now
You will not get the correct outcome. The formula for life has to be: Life = others + now
So that you are able to have a legacy of others later. Which means: Life ≠ me + now
Legacy happens as we live today. That is how we build the legacy of tomorrow.
So what does building a strong legacy look like? It means we get intentional about what we want that legacy outcome to be. We determine what we do want written on our tombstone, and we live in a manner today that will help us create that epitaph.
Legacy thinking should drive our mission, vision and core values. It creates the fences within which we will live and act every day. It should define the strategy behind how we run our business and live our life.
True legacy thinking can be measured by three key things:
- What we think about
- Where we spend our money
- How we use our time
Those are the scorecards that define what really matters to us. The things that occupy our thinking, consume our money, and use up our time are the measures we should consider when we get real about what matters most to us.
Do you have your legacy defined? Is how you live reflective of what you want your legacy to be. If not, now is the time to start living intentionally to build that desired legacy.
Legacy is a broad reaching area that we have to plan for. It is a journey that takes much time and thinking. And it almost always needs to be created through working closely with others.
Here are some of the key areas that we encourage you to consider as you work on your legacy planning.
1. BHAG (big hairy audacious goal)
2. Core Values
3. Mission Statement
4. Vision Statement
5. Legacy StatementContinue reading
In the first post of this series, I talked about the financial preparation required to maximize your outcome when you exit your business. In the second post, I talked about the non-negotiables you should consider before you approach a transition – a list of questions to ponder so you can take some of the emotion out of the process. These questions will help you to evaluate offers as objectively as possible.
In this third post, I’ll talk directly about the legacy impact of transition and then follow it up with a practical post that will give you some tools to think through your legacy. After all, that is ultimately what you’ve operated your company for and lived life for – to create a legacy. Whether it has been intentional or not, that will be the outcome. There are three aspects of legacy to keep in mind:
- Your life and business create a record or set of data points that are recorded on computers and the web for all to see and know.
- Your life and business are both writing a story filled with all sorts of commentary and details about the lessons learned and experiences shared.
- Your life and business are creating a legacy which is the result of both over time.
The truth of the matter is that the records that exist today will someday be deleted at the touch of a keystroke by some intern sitting at a computer. The history you wrote through living will be changed and become larger than life or something less than what it was. So all that will be left is the legacy you create, which makes that a very important thing to focus on.
So what is legacy? Here are some thoughts:
- A legacy is something that is handed down from one period of time to another.
- Legacy can be a positive thing or a negative thing.
- Legacies are, more or less, what we remember about a person or a business.
- Legacy is a similar concept as inheritance and heritage. It is something we inherit from our parents and pass to our children.