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Interviews with successful leaders uncovered the following 10 themes:
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Wake up and realise you are the limiting factor
Any issues exist because you have not found a way to solve them
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Internal succession is not the norm
Succession presumes you can teach someone to be better than you. Secure new people, better than you.
Succession is unlikely
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There is no business as usual
What we did before no longer matters. You need to get the herd moving in a new direction
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Everyone must be accountable
Quit talking about it and enforce it with your staff, suppliers, your business partners and yourself. No
exceptions
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Hold talent like you would sand, loosely
Give them guidance not direction, some will slip away but more will stay
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You snooze, you lose
Ask your customers what they want and regularly change the business to do it. A year in the dark is a year is
too long
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Grand designs are just that
Effective strategy execution is about setting a really short list of things to do, not starting anything new until
the first lot is done... mixed with a good dose of accountability
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Market success is seized not granted
Business is about risks. If your business can’t afford risk then you are failing it
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Seek external help if pain persists
Not as a first step, but don’t wait until you’re in the dark with an ice pack on your head
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Suck it up
Fund revenue growth not cash flow, not matter how much it hurts. Now is the time to make long term money,buy market share if you have to
Would you like to know more? Contact us on 1300 657 535 or email us
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