Jerilyn Klein’s Post

Teaming is critical for advisors but they often go about it wrong. Here’s why, as well as how to be more successful. Beverly Flaxington #financialplanning #practicemanagement https://lnkd.in/eeVEtDyH

Teaming is critical for advisors but they often go about it wrong. Here’s why, as well as how to be more successful. Beverly Flaxington #financialplanning #practicemanagement https://lnkd.in/eAQZrdZc

Montgomery 2320 Business Development Services LLC can help businesses build profitable, sustainable, and growth-ready operations by addressing the key reasons businesses fail. Here’s how: 1. Market Research and Demand Validation Service: We assist businesses in conducting thorough market analysis to identify their target audience, assess demand, and validate their offerings before scaling. Impact: Reduces the risk of launching products or services that lack market traction. 2. Cash Flow Management and Financial Planning Service: We provide financial consulting to help businesses create detailed budgets, optimize expenses, and forecast cash flow accurately. Impact: Ensures businesses have the financial stability to handle unexpected challenges and invest in growth opportunities. 3. Developing a Strong Business Model and Plan Service: Our experts work with clients to design actionable, data-driven business plans that outline clear revenue streams, operational strategies, and growth goals. Impact: Establishes a solid foundation for sustainable profitability and scalability. 4. Innovation and Market Adaptation Strategies Service: We keep clients informed about industry trends and help integrate cutting-edge technologies and strategies to stay competitive. Impact: Equips businesses with the tools and mindset to adapt to market changes and seize emerging opportunities. 5. Leadership Development and Team Optimization Service: We offer leadership consulting, team-building workshops, and conflict resolution strategies to strengthen internal operations and foster a healthy company culture. Impact: Creates a cohesive, motivated workforce led by strong, visionary leaders. Additional Benefits Technology Integration: We leverage modern tools like AI and data analytics to streamline operations and enhance decision-making. Continuous Support: Through mentoring and ongoing consulting, we guide businesses at every stage of their journey. Networking Opportunities: By connecting businesses with strategic partners, we help them unlock new markets and collaborative ventures. By addressing the root causes of business failure, Montgomery 2320 Business Development Services LLC ensures that our clients are primed not only for survival but also for sustainable growth and profitability. Montgomery2320bds.pro

Montgomery 2320 Business Development Services LLC can help businesses build profitable, sustainable, and growth-ready operations by addressing the key reasons businesses fail. Here’s how: 1. Market Research and Demand Validation Service: We assist businesses in conducting thorough market analysis to identify their target audience, assess demand, and validate their offerings before scaling. Impact: Reduces the risk of launching products or services that lack market traction. 2. Cash Flow Management and Financial Planning Service: We provide financial consulting to help businesses create detailed budgets, optimize expenses, and forecast cash flow accurately. Impact: Ensures businesses have the financial stability to handle unexpected challenges and invest in growth opportunities. 3. Developing a Strong Business Model and Plan Service: Our experts work with clients to design actionable, data-driven business plans that outline clear revenue streams, operational strategies, and growth goals. Impact: Establishes a solid foundation for sustainable profitability and scalability. 4. Innovation and Market Adaptation Strategies Service: We keep clients informed about industry trends and help integrate cutting-edge technologies and strategies to stay competitive. Impact: Equips businesses with the tools and mindset to adapt to market changes and seize emerging opportunities. 5. Leadership Development and Team Optimization Service: We offer leadership consulting, team-building workshops, and conflict resolution strategies to strengthen internal operations and foster a healthy company culture. Impact: Creates a cohesive, motivated workforce led by strong, visionary leaders. Additional Benefits Technology Integration: We leverage modern tools like AI and data analytics to streamline operations and enhance decision-making. Continuous Support: Through mentoring and ongoing consulting, we guide businesses at every stage of their journey. Networking Opportunities: By connecting businesses with strategic partners, we help them unlock new markets and collaborative ventures. By addressing the root causes of business failure, Montgomery 2320 Business Development Services LLC ensures that our clients are primed not only for survival but also for sustainable growth and profitability. Montgomery2320bds.pro

Starting or Scaling up? It means you’ll partner up somewhere 🤝 somehow with other people (who may represent other organizations). It applies to me first (still on a journey learning about partnerships) and I try to instill this during our advisory assignments : beyond MoU, legal provisions, vision and values, ✨partnerships✨need to be stress tested. Here are a few tips that came up from hours of coaching and consulting: ✅ Decision making and conflict resolution❓ will test the capacity of making a decision (in due speed or waiting) and if there’s a conflict how the resolution is swift, negotiable and constructive. Ego can be a destiny killer here! ✅ Different communication styles❓ will test everyone’s understanding, hidden corners of insecurity and dead angles of trust in the preferences, frequencies and habits. This one requires maturity and wisdom 😜. ✅ Vision, mission and of course values ❓will test individual and collective growths, fears, changes and expectations flexibility. ✅ Financial transparency and financial contribution ❓will test each one’s own rapport with money, degree of selfishness and believe me even siblings or spouses don’t see money the same way. ✅ Risk tolerance ❓will test each one’s appetite for more or comfort for enough. ✅ Crisis management ❓will test each one’s reaction and response in the midst of adversity quotient. ✅ Exit strategies ❓be it agreed upon or vetted, it will test the viability and resilience of partners. Solid legal prep is a plus. ✅ Succession planning ❓For any partner it is a testing of the business continuity and engagement with and towards the others. ✅ Growth plans ❓will test the partners alignment with common and individual ambitions and vision and reduce conflicts. ✅ Compatibility ❓Yes it matters and it tests the relationship amongst the partners. It’s beyond complementary skills, it’s about mindset, experience, emotional intelligence, and self awareness. So next time you’re having a chat or debriefing on a common project that will lead to a partnership, you may want to have these bullets in mind and you may as well reach out to EZER HADROS LTD. #businessdevelopment #consultancy #coaching #partnerships

The more volatile the market, the higher the requirements for the company's adaptability. The higher the requirements for a company's adaptability, the greater the burden on the business owner. It's the owner's attention to changes in the market and their personal qualities that largely determine whether the company will grow, or go bankrupt. #tipsoftheday #management #wiseforlife

Business ownership demands tough choices. Hiring, firing, investing, or expanding— It’s not always easy, but it’s what keeps things moving forward. Whether it’s about team dynamics or strategic investments, these choices shape the future of your enterprise. But guess what? You’re not alone on this tightrope walk. You’ve got a secret weapon: The team that you pick to help guide your business forward. The mentors, the coaches, the marketing pros, advisors and the legal team of experts that you put together. They’re the seasoned pros who’ve seen it all. They’re there to lend an ear, share their wisdom, cross-coordinate and help you weigh your options. Think of them as your personal board of directors for the tough calls. Here's how the right team can make the emotional toll of making tough decisions way easier: ➡ Guidance: They provide insights that can steer you towards smarter, more informed decisions. ➡Support: They’re there to remind you that you’re not in this alone, offering a dose of encouragement when needed. ➡Perspective: They help you look at the bigger picture, ensuring your choices align with your long-term vision. With the right people in your corner, you’re well-equipped to lead with confidence and a touch of charisma. Keep smiling, stay focused, and let’s make those decisions count!

How advisory boards bring new ideas and a fresh approach to business growth. Advisors can provide assistance to take the business to a new level of success without the expense of full-time employees. Grow and prosper with a new advisory board.

How do you get your managers interested in becoming partners? In today's blog, Kristen Rampe, CPA, examines common obstacles to promoting talented managers to partners and what can be done to counteract them. Check out the full blog at https://lnkd.in/ejiFgXvD. #practicemanagement #cpa #cpafirm #partners

Advising vs. Operating -  'Jim, never in my whole life before did I know how much more difficult it is to make business decisions myself than merely advising others what to do in their businesses, without having to take the final responsibility myself.' - James McKensey This is the story of the world renowned consultant who eventually took on an operating role of a business. He was told by the BOD he would be removed by the end of the year if he didn't change his management tactics. (he died two weeks later) The clarity I have as an advisor / consultant is due to the challenges not being my challenges and I'm not attached to it like the founder is. That said, because I've actually built and operated businesses I have a deep sense of compassion and empathy for what the founder is going through. This is not the case for many consultants and can create real friction inside an organization. Even one of the world's most renowned consultants didn't really understand what a CEO / Founder goes through until he was in the seat himself. Thanks Michael C. Martocci for sharing the article.