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Dynasty Leadership Podcast

It's great if you can pick when you hand over the reins, but what if that time picks you? “Does your company consistently meet or beat the targets you set?" “Do you have the right team rowing in the right direction?" “Is there something going on in your market or company that threatens your growth? "Are you considering transitioning the leadership of the company?" “Is there a clearly articulated long-term strategy?" We specialize in guiding Family-owned businesses with 50-500 employees to become Succession ready.
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Now displaying: February, 2020
Feb 10, 2020

Terry Moore has over 30 years of experience representing businesses and individuals in a wide variety of legal matters throughout Minnesota and North Dakota. He is a lawyer for Hellmuth & Johnson and talks about how you can turn the tables and profit from a crisis in three steps. There are clear action steps you can take when things go wrong.

 

Key Takeaways:

[1:00] Are you concerned about what kind of company legacy you’re leaving behind? Reach out to Todd!

[1:45] How do you turn the tables when you’re in a crisis?

[2:35] A little bit about Terry and what he does at Hellmuth & Johnson.

[3:50] Terry grew up in chaos (one of 11 children) and there was always something going on.

[6:00] Terry was in seventh grade when he found out his older brother had a brain tumor and died, and his family was able to profit. (Terry explains what he means).

[7:50] There are three steps you can take to help a crisis situation. Step 1: Clarify the problem with precision, Step 2: Control with prediction, Step 3: Close with power.

[10:00] If you are able to turn off or stop the problem, the symptoms will go away.

[10:25] Terry shares an example of what these three steps look like in reality.

[14:00] Never, ever underestimate the power or the influence of a spouse.

[16:45] How can you predict the future?

[20:25] Terry explains what the Nash Equilibrium Principle is.

[24:05] How do you get to Step 3: Close with power?

[29:45] What are some of the common mistakes people make in crisis mode?

 

Mentioned in This Episode:

Dynastylc.com

Email Todd: Todd@Dynastylc.com

Hjlawfirm.com

Email Terry: TMoore@HJLawFirm.com

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