Articles

PODCAST: Navigating Your Family Owned Business

PODCAST Navigating Your Family Owned Business

Hal Levenson, Chief Visionary Officer appears as a guest on Discussions by Domain hosted by Anthony DeGraw, Director of Partnerships. Hal and Anthony speak about the challenges and opportunities of running a family owned business, the value we bring to our clients, and what makes Trilogy DIFFERENT from other business advisory firms. Listen to the podcast HERE or on YouTube. Trilogy Partners has a long history of helping our clients implement successful changes. Read some of our success stories HERE and contact us HERE. About Hal Levenson Hal Levenson is the Founder and Chief Visionary Officer at Trilogy Partners. Trilogy Partners is an advisory & implementation firm whose mission is to help companies grow and transform. We accomplish this by focusing on 3 critical business areas: Financial, Strategy & People. You Can Listen Here>>> Or Watch […]

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Empathy in the Workplace

Empathy in the Workplace

Let’s look at how to practice empathy in the workplace. I recently read an article about Bill and Melinda Gates in which they describe emotional intelligence as the key to their successful marriage and business partnership. Delving deeper, they agree that practicing empathy, providing feedback, and starting with respect are the fundamentals. The article got me thinking about my business career and the workplace. I learned early on that giving useful feedback with kindness built trust with my colleagues, clients, and vendors and earned me a solid reputation. Fast forward twenty years and it’s now a given that open dialogue and courtesy are staples within business culture. Heck, one of Trilogy’s values is to tell the hard truth in a respectful manner. But how often are we asked at work […]

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How to Survive & Thrive in a Family Owned Business

thrive in a family owned business during these challenging times

Let’s look at how to survive and thrive in a family owned business during these challenging times.  It would be an understatement for me to say that COVID has changed the way we do business. Some would argue for the better, others for the worse. Regardless of how it has affected your company, what I know is this: People are facing new demands and confronted with hard decisions that they can’t put off until tomorrow. Businesses can no longer sweep things under the rug and play it safe. This environment just won’t allow it. I’ve heard from many of our clients who run a family owned business that they need to adapt. Business and familial issues that have mounted for years are suddenly forefront and must be resolved. For those […]

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Selective Exposure in Business

Selective Exposure in Business

I recently read an article on Selective Exposure, a theory that refers to an individual’s tendency to favor information which reinforces his/her pre-existing views while avoiding contradictory information.  Before you stop reading because you think I might be referring to our country’s divisive political environment, I assure you that I wouldn’t touch that with a 10-foot pole. Instead, I’m applying this concept to business. Companies come to Trilogy to help them solve their problems. In the initial diagnosis phase, we ask our clients to explain in detail their issues which are often comprised of financial woes, lack of strategy, misalignment, and/or employee challenges. We’re told savory stories about these roadblocks which, for the most part, seem plausible. Only when we dig deeper by reviewing data, asking tough questions, and getting […]

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Time to Make the Donuts – Changing Your Perspective on Creating a Budget

Creating a Budget

At the beginning of every 4th quarter, as I think about the upcoming year’s budget, I’m reminded of the old Dunkin Donuts commercial where the deflated guy woefully says, “Time to make the Donuts”. This is how some business owners feel about creating a budget. Why is creating a budget viewed as such a drag? There are many possibilities. It could be looked upon as a necessary chore; something you are supposed to do. I know as a Visionary, being obliged into any type of process whether it be monthly or annually makes me cringe. It also forces an owner to face the state of his/her business which can be uncomfortable, and for some, may be even more difficult this year. Finally, some business owners just don’t know where to […]

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Considering The Best of Times and the Worst of Times in Business

Considering The Best of Times and the Worst of Times in Business

In trying to make sense of 2020, I can’t help but think of Charles Dickens’ famous first line in A Tale of Two Cities which reads, “It was the best of times, it was the worst of times…”. For most of us, these could be considered the worst of times as humanity has been affected by COVID-19, social unrest, and political division. Would anyone consider this the best of times as well? Call me crazy but in all this imbalance, I believe, lay an opportunity before us – the ability to uncover, recognize and utilize our untapped strengths. When COVID hit, individuals and companies were quickly forced to work, think, manage, hire, market and sell differently. We had to adjust regardless of whether we were ready, willing, or able. As […]

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NOT Just Another Manic Monday with EOS®

NOT Just Another Manic Monday with EOS®

I have the best memories of growing up in the 1980s. The trends (big hair, shoulder pads, leotards with legwarmers), high school football games (Go SPFHS Raiders!), iconic movies (Breakfast Club, Top Gun, Ferris Bueller’s Day Off) and of course, the timeless music (Dancing in the Dark, Livin’ on a Prayer, Don’t Stop Believin’)! One song from the ‘80s that is still popular today is Manic Monday by The Bangles. How many memes are centered around the dreaded Sunday night, the prelude to Manic Monday? And while I often felt that way in the past, I no longer have that sense of dread since I started working at Trilogy Partners. Why not? Because Trilogy practices EOS®, The Entrepreneurial Operating System™, a set of simple concepts and tools that helps our […]

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Implementing the Pace of Change in Business

Implementing the Pace of Change in Business

Let’s examine implementing the pace of change in business. I recently found a quote by the late management guru, Peter Drucker, that read: “The greatest danger in times of turbulence is not the turbulence—it is to act with yesterday’s logic.” As I think back on 2020, this statement could not be truer. Forced into turbulence by a global pandemic, businesses had to adapt – we could not act with yesterday’s logic and had to pivot quickly. However, under normal circumstances, as suggested in my recent articles, Setting the Pace of Change and Determining the Pace of Change, there are factors that impact strategic decisions. In this article, I share a word of caution, even when changes are thoughtfully identified, plans are rarely implemented perfectly. The best plan will incorporate some […]

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Determining the Pace of Change in Business

Determining the Pace of Change in Business

Let’s look at determining the pace of change in business. In a recent blog, I introduced the idea of Setting the Pace of Change. There are several factors to consider and when determining the cadence, leadership faces an added challenge. They must balance the realities of the business with the emotional impact that could damage the human resource infrastructure. So how do change leaders push back against ‘status quo’ that holds strong investment and commitment from employees – and corporate leaders? They must make the case that ‘status quo’ is no longer adequate to keep the firm relevant and competitive in its market. “We’ve always done it this way,” has been the last words of many doomed or dying organizations. Communication and transparency allow for a conversation that introduces the […]

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Setting the Pace of Change in Business

Setting the Pace of Change in Business

As entrepreneurs, we know that change is constant. But is it a bad thing? I agree with psychologist Dr. Dennis O’Grady who said, “Change has a bad reputation in our society. But it isn’t all bad – not by any means. In fact, change is necessary in life – to keep us moving, to keep us growing, to keep us interested.” Change that originates within us or within our organization is typically within our control. However, external change might be instigated by a shift in markets, technologies, customer needs, demographics, competitors or even, a global pandemic. These occur outside our control and yet, when we let go of fear, we can often identify opportunities we never considered. No one can deny that since 2000, businesses have experienced radical transformation. My […]

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