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AUGUST 4, 2021
Team alignment on priorities key to working smarter, accomplishing more with less
"When everyone is on the same page, everyone wins," advised Ilyce Glink, founder & CEO of Best Money Moves LLC and author of "The Really Useful Guide to Working Smarter, Not Harder," during her presentation at CRN's WellComms 2021.
Glink emphasized the importance of clear communication as well as setting—and keeping—strategic priorities as companies transition to hybrid and return-to-office work settings following pandemic lockdowns.
"Make the most of the hours you have," Glink urged, "and don't mistake a fire for an inferno." She offered the following considerations to help make the distinction:
- Will it affect the immediate quality of the product of service?
- Will it affect the relationship you have with your customer?
- Is it irreversible?
- Will you lose your job over it?
Glink also flagged several notorious time traps, as described in WholeFoods Magazine:
- Unstructured meetings without agendas
- Colleagues who chitchat
- Customers, clients or colleagues who need hand holding
- Messy desks and disorganized files
- Interruptions
- Procrastination
- Over-scheduling and multitasking
CRN members can gain additional insights on managing growth, balancing workloads, and shifting priorities with limited bandwidth by accessing Glink's full session and others from WellComms, now available for purchase on demand.
Responsible trade association membership can help private equity increase the value of their investments
When it comes to valuation, statistics favor both private equity (PE) management and trade association membership. A recent study demonstrated employment grew 13% when PE investors bought privately owned companies. Other recent research showed more than 85% of businesses that fail are not members of a trade association.
CRN membership can help PE increase the value of their investments. The combination of positive forces from PE investment and membership in an effective trade association can complement your business’s needs and spur growth. All other factors being equal, your acquisition has greater revenue potential if:
- Company executives are board members of their industry trade association;
- Senior staff have intimate knowledge of industry legal and regulatory risks; and
- Managements’ connection with industry leaders and customers is strong and personal.
Given the evidence, can PE afford not to be in a trade association? Perhaps it is private equity-controlled supplement companies that need their trade association even more than everyone else.
Discover all six ways CRN membership helps PE firms safeguard their investment in your brands by downloading the new white paper "Private Equity Loves Dietary Supplements—and Should Love CRN Too."