Dear Reader: We are re-publishing a few of our more popular pieces over the next few weeks. Here is one of our favorites from earlier this year. We hope you enjoy the Insight Refresher as we move through 2021!
I recently read a very insightful article on lessons great leaders learned in 2020 during what can only be described as 12 months of unprecedented challenges. Written by the CEO of Vistage, Mr. Sam Reese, it outlines some fantastic ideas business leaders can take from the year and apply in 2021 and beyond.
As many of you know, Vistage is the largest CEO coaching and peer advisory organization for small and midsize businesses in the world (Generational and Vistage have a national strategic alliance). Mr. Reese has had an extensive career as a business leader and has gained valuable insights that he helps his members apply, especially after one of the most turbulent years in our generation.
Entitled, “Hindsight 2020: Lessons in leadership from a challenging year”, I would strongly suggest that you take a few minutes out of your day and read it. I think you will find it as worthwhile as I did.
Every point Reese makes is valuable to all leaders, but one of them really caught my eye:
Identify your company’s biggest challenges, then learn from them.
Over the past year, many leaders have had to innovate and overcome extraordinary challenges just to stay afloat. While many faced the obvious challenges brought on by the pandemic, others identified internal, operational and fiscal obstacles of which they weren’t aware.
Leaders have learned to be flexible in order to meet customers’ changing needs, adapted to working virtually and pivoted along the way. The most successful leaders have quickly determined what their company’s pain points have been and leveraged those to guide the path forward.
As we have mentioned before, as amazing as this sounds, 2020 turned out to be a record year for Generational in terms of deals closed. None of us expected to see that happened when March of 2020 hit.
And, although much of our success is due to the unbelievable team of professionals we have working for the firm, another key part of it was the amazing and inspiring way our clients adjusted operations, focus, and adapted to ever-changing circumstances. Our success in 2020 was inspired by the clients we get to serve every day.
Another real benefit to our clients was the addition of Generational Consulting Group (GCG) in 2019. The team with GCG has proven to be extremely effective in helping our clients implement both tactical and strategic growth plans that have proven to really add value to their exit planning. Have a listen to what a few of them say about GCG’s amazing success with their businesses:
As we have all learned the hard way, doing business as usual wouldn’t work in 2020 and will probably have long-term impacts on how all sorts of industries and companies operate well beyond 2020.
So, learn from Sam Reese and apply those lessons in your business as well!
And if you would like to learn more about all the services Generational provides that can help you succeed and eventually exit your company for maximum profit, follow these links and then reach out to us for more information:
Carl Doerksen is the Director of Corporate Development at Generational Equity.
© 2021 Generational Equity, LLC All Rights Reserved.
The information we learn from customers helps us personalize and continually improve your experience. Here are the types of information we gather.
We receive and store any information you enter on our Web site or give us in any other way. We do not sell or rent your personal information to others without your consent. We use the information we collect only for the purposes sending promotional information, enhancing the operation of our site, serving advertisements, for statistical purposes and to administer our systems. We DO NOT use third parties to provide customer service, to serve site content, to serve the advertisements you see on our site, to conduct surveys, to help administer promotional emails, or to administer drawings or contests, but reserve the right to do so in the future without advance notice.
Generational Wealth Advisors’ affiliates are all part of one corporate family, they work with one another and may work together to provide services to you. The sharing of your information among affiliates enables Generational Wealth Advisors to serve you more efficiently and makes it more convenient for you to do business with Generational Group. Generational Wealth Advisors is permitted by law to share information with its affiliates. All of our affiliates follow similar privacy policies.
For reasons such as improving personalization of our service, we might receive information about you from other sources and add it to our account information.
Generational Group may license the use of its intellectual property including but not limited to its name, likeness, and logo for the use of affiliated offices. Such affiliated offices may not be owned, controlled, managed, supervised or staffed by employees, officers, or agents of Generational Group. Affiliated offices may be independently owned and operated. For more information about a particular office, please contact Generational Group at its office in Dallas, Texas.
This page may contain other proprietary notices and copyright information, the terms of which must be observed and followed.
Information on this web site may contain technical inaccuracies or typographical errors. Information may be changed or updated without notice. Generational Group may also make improvements and/or changes in the products and/or the programs described in this information at any time without notice.
Generational Group does not want to receive confidential or proprietary information from you through our web site. Please note that any information or material sent to Generational Group will be deemed NOT to be confidential. By sending Generational Group any information or material, you grant Generational Group an unrestricted, irrevocable license to use, reproduce, display, perform, modify, transmit and distribute those materials or information, and you also agree that Generational Group is free to use any ideas, concepts, know-how or techniques that you send us for any purpose.
Our computer system protects personal information using advanced firewall technology.
Information Generational Group publishes on the World Wide Web may contain references or cross references to other products, programs and services that are not announced or available in your country. Such references do not imply that Generational Group intends to announce such products, programs or services in your country. Consult a Generational Group representative for information regarding the products, programs and services which may be available to you.
Generational Group makes no representations whatsoever about any other web site which you may access through this one. When you access a non-Generational Group web site, please understand that it is independent from Generational Group, and that Generational Group has no control over the content on that web site. In addition, a link to a non-Generational Group web site does not mean that Generational Group endorses or accepts any responsibility for the content, or the use, of such web site. It is up to you to take precautions to ensure that whatever you select for your use is free of such items as viruses, worms, Trojan horses and other items of a destructive nature.
IN NO EVENT WILL Generational Group BE LIABLE TO ANY PARTY OR ANY DIRECT, INDIRECT, SPECIAL OR OTHER CONSEQUENTIAL DAMAGES FOR ANY USE OF THIS WEBSITE, OR ON ANY OTHER HYPERLINKED WEBSITE, INCLUDING, WITHOUT LIMITATION, ANY LOST PROFITS, BUSINESS INTERRUPTION, LOSS OF PROGRAMS OR OTHER DATA ON YOUR INFORMATION HANDLING SYSTEM OR OTHERWISE, EVEN IF WE ARE EXPRESSLY ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.
Furthermore, all information contained within this website is the property of Generational Group.