Succession Planning For Your Business

The COVID-19 outbreak has shown the importance of having a succession plan in place that accounts for unforeseen events. If your business does not already have one in place, there is no better time to do so than now!

Many small businesses are dependent on the owner, which means being capable of retirement or a career transition requires strategic forethought and action built into the structure of an organization. Having a strategy for developing people who can move up when key employees leave is critical to the long term success of a business.

The trouble is many businesses owners only start thinking about this when they are nearing the transition. Building on-going succession planning into the structure of a business will not only position the business for success when transition approaches, but it will allow the business to grow and attract top talent in the meantime.

When a business has leaders-in-training, the dependence on the owner is minimized so that in the case of leadership transition or unforeseen events, less of the stress rests on a solo individual.

To learn more about the support I offer for building succession planning into your business, visit redworkscoaching.com or send me an email at marielle@redworkscoaching.com.

 

Overwhelm in a time of crisis

If you feel overwhelmed by all of the unknowns right now, you are not alone. We are living through something we have not lived through before, which means all of us are wondering ‘how long?’ and ‘what will the long-term repercussions be?’

When you get caught up in this sort of ‘scary’ thinking – pause. Stay focused in the present. You have what you need at this moment. You are grounded. Think of all the things you are grateful for. Breathe.

You may not know what the future holds, but you can look at other times in your life that you had to adapt and evolve and see that you are capable of doing that.

Be present and trust that you are adaptable.

 

Estate Planning: The Health Care Directive

In my three-part Estate Planning series with lawyer, Elizabeth Williamson of Williamson Law, we cover the Last Will and Testament, Power of Attorney and the Health Care Directive.

In this video, Elizabeth explains the purpose of a Health Care Directive (also known as a Living Will) and what to consider when preparing one.

Focus on others

Shifting the focus off of ourselves and onto others can be really gratifying. Thinking about how we can support those around us, be it our loved ones or those within our community can be liberating as well.

We sometimes default to becoming the centre of our own universe – wrapped up in our own troubles. When we become involved with others, we become part of something that is greater than our individual self.

What are some ways you can step outside of yourself this week and offer a meaningful connection to others who may need it?

Social distancing requires creativity for this task. Drop your ideas in the comments!

Finding Meaning in Uncertain Times

Podcast Host, Cathy Heller, is often quoted for saying: “The opposite of depression isn’t being happy, it’s finding a purpose.”

How does one determine their purpose while living in such uncertain times? How do we navigate living meaningful lives when we don’t know what lies ahead of us on the journey?

When you explore your values, determine your strengths, discover your passions and find a way to channel the cumulative effect of those three things into a service, that is the place where you find your purpose.

The sense of meaning you find there can guide you even when you don’t know what lies ahead because the answer to the question ‘why’ becomes more relevant than the answer to the question ‘how’.

As a personal coach, I am here to offer further guidance to you in discovering your purpose. Please reach out by sending me a message!

Estate Planning: Power of Attorney

In my three-part Estate Planning series with lawyer, Elizabeth Williamson of Williamson Law, we cover the Last Will and Testament, Power of Attorney and the Health Care Directive.

In this video, Elizabeth explains what is a Power of Attorney; what they can and cannot do, and whether or not everyone needs one.

Estate Planning: Your Last Will and Testament

In my three-part Estate Planning series with lawyer, Elizabeth Williamson of Williamson Law, we cover the Last Will and Testament, Power of Attorney and the Health Care Directive.

In this video, Elizabeth focuses on the Will, a very important document required as part of your Estate Planning. Do you have one? If you do have a will how current is it? Does it need some updating?

She explains the importance of having a Will, what we need to create a Will, and different scenarios that could impact your last wishes.

Career or Life Transitions

It’s common to switch careers multiple times in your adult life. If you are currently standing at a crossroad, or are in the midst of another type of life-transition, you don’t need to navigate it alone.

Receiving support and advice to guide you on your way will increase the likelihood of a smooth and seamless transition.

As an executive and accredited professional coach, I support clients to improve their thinking, gain clarity, and create positive and powerful changes to achieve their greatest potential in both their personal and professional lives.

Send me a message today to find out how I can help you.

 

How resilient are you dealing with life’s curve balls?

I think of myself as a pretty resilient person. For me, resiliency is my capacity to cope with life’s curve balls.
 
Well, with what we are all currently living through, we have been thrown a BIG curve ball. (OK the pitching machine has not been turned off.?)
 
So, I am thinking about resilience. How are you managing the challenges, loss, and disappointments during these very trying times?
 
I thought it would be a great time to revisit an article I wrote last September about tips to help us be more resilient.
 
Please let me know what you are doing to manage this big curve ball.
 
 

Seeing the Opportunity in Transitions

We often associate transitions with challenges. If we manage those challenges positively though, transitions can be a gift. Transitions are an opportunity to reinvent yourself, to choose a new path. You can live the life you have dreamed for yourself.

Now’s your chance. You’ve got this.

Send me a message if you’re seeking support!