The Most Powerful Component of Your Business?
The human capital.
As your business, I operate on both financial capital and human capital but lately I begin to wonder if my owner is having difficulty reaching consensus of decisions on what to do and how to move forward with a leadership transition. Perhaps its the intentions of others and their need to meet their own objectives.
The most powerful element of capital in every business is human capital…the good or the bad, its the people involved that inadvertently thwart outcomes or offer competing interests. These may be best intentions created by C-Suite, Executive, Staff, Stakeholders, and Advisors. The issue is the absence of a framework to guide their activities and decisions. Without this, the result is adhoc decision making, subpar results, or no results.
Crafting Higher Level Solutions
It is possible for a Enterprise Board to offer 4 foundational skills and solve 5 or 6 problematic events. The board is separate from the day to day functions but IS accountable to the business or firm. It is not the governing board. It is a strategic board or council that resolves the challenges a business or multiple businesses or even multiple business clients and a financial firm together experience and then develop solutions to drive interactions and the way business value is created.
When a business overcomes its leadership challenges and the lights of happiness go off in their owner’s eyes, the firm wins. How…they made it happen! This enterprise board can participate in multiple key challenges to either the firm, to individual clients, or to firm business, financial or wealth advisers who work with these clients. The secret is the skills and knowledge that populate the enterprise board are not available in house and produce returns of 40%, 60% or even 100% over cost. When solutions produced the desired results there is no denying the gratitude and happiness of the client!
So, the enterprise board for a firm is a revenue source, both internal and outside firms whose clients seek the same skills, knowledge and outcomes for their business and families but can’t afford the board. Higher earnings are won by doing the right things.
Would you like to talk about this with us…? Privat’US
Initial Call - Robin Coady Smith
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