The Balancing Act – Compensating Performance

The Balancing Act – Compensating Performance

Over a recent coffee in Sydney’s CBD area with a small business owner, I discussed her strategies for compensating her high performers. Her retention strategy for pillar leaders was to give them equity and pay them, on target, 50% above the market. On further exploration, she revealed how fearful she was of other key members leaving the organisation. However, despite showering this leadership team in gold, there had been a recent defection. There was shock and self-recrimination on what should have been done better to retain this “key” leader in the organisation.

Like a Great Red Wine: Developing a Leadership team

Like a Great Red Wine: Developing a Leadership team

Being able to select a young red wine full of tannins and fruit and predict its greatness in 10 + years hence is an art. To the uninitiated, the wine could be almost undrinkable. However, to a trained and experienced wine drinker a relatively easy thing to accomplish.

Similarly, choosing your leadership team members from existing managers and staff is an art. The experience will make you better, but at first, there will be missteps. We all know that many great individual contributors cannot make the step up to management. In the same way, many managers cannot make the step up to be leaders.

Sustainable Differentiator – Staying Relevant and Competitive

Sustainable Differentiator – Staying Relevant and Competitive

For more than 15 years the European futurist Gerd Leonhard has been writing about the impact of technology on humans. He has challenged businesses to look into the future and spend more time strategising with an open mind about the impending changes to the technology landscape and how best to adapt. Leonhard’s approach has always been a proactive, positive endeavour with a problem-solving process that sets organisations up in a prepared way and ready for adaptation.

“This is where we are going – let me teach you.”

“This is where we are going – let me teach you.”

In a recent interview with a CEO and APAC country manager, I learned that she had a manager who visited the country regularly and spent a lot of 1:1 time with her. I asked the CEO if this was a threatening or micro-managing style. The response from the CEO was that, initially, she thought it would be like that, but in reality, she was learning a lot from her manager, he was a great leader and mentor. She had a lot of respect for him and appreciated the time with him.

The Golden Question: What will my Business Success Look Like?

The Golden Question: What will my Business Success Look Like?

In this chapter, we will consider what is your passionate personal goal for scaling new heights. And that a period of business stagnation is common for most successful businesses. And also that scaling a business requires an engaged team which understands the journey on which they are joining with you. Many clients I meet have established successful businesses. However, in some cases, the businesses have started to stagnate in growth. For a successful entrepreneur who is used to things going more to plan, the stagnation can create frustration.

About the Author

About the Author

Craig Saphin is a successful, experienced and articulate business leader. He has devoted the time and energy required to write this book and provide his structured business strategy framework to a wider audience. He deals with small and medium business owners daily and he loves it, they will all benefit from this book.