Making Changes the Right Way

Making Changes the Right Way

Making Changes the Right Way

By Randa A. Wilbur

Is Your Organization Ready?

Here are some questions to determine if your company or non-profit is ready for a large-scale change initiative:

Have the folks at the top bought off on it?
Are senior managers willing to continually convey the change message?
Are they willing to support the change through their own behavior?
Below senior management, who are the operational leaders who need to be sold and take an active role in driving the change in their departments?
Are current organizational policies, practices, accountability, feedback mechanisms, etc. in line with the change? If not, they could kill the effort.
What barriers are in the way? Are there plans to overcome those barriers?
Are you being realistic about how long the change process will take?

Communicate the Change

Some things to keep in mind when communicating a change initiative to employees:

People need to understand why the organization is changing and need to be sold on the benefits.
You should decide beforehand on the communication vehicles. Communication should be frequent and ongoing.
Training should be provided, if necessary.
If people will lose their jobs, this needs to be communicated to them openly and honestly.
Rather than slashing jobs, you may want to work with top employees to reengineer their jobs.

Be Ready to Do Some Tweaking

The change management team needs to have its finger on the pulse of what is and isn’t working so they can intervene where appropriate.

Many companies try to take as much cost as possible out of their change initiatives by developing and conducting their own training, or by short-circuiting many of the items mentioned over the last couple days’ tips.

Keep on top of what’s going on, constantly referring back to your original goals and commitments. Be willing to make modifications where necessary, without compromising standards.

 

We hope you found this article about “Making Changes the Right Way” helpful.  If you have questions or need expert tax or family office advice that’s refreshingly objective (we never sell investments), please contact us or visit our Family office page  or our website at www.GROCO.com.  Unfortunately, we no longer give advice to other tax professionals gratis.

To receive our free newsletter, contact us here.

Subscribe our YouTube Channel for more updates.

Alan Olsen, CPA

Alan Olsen, is the Host of the American Dreams Show and the Managing Partner of GROCO.com.  GROCO is a premier family office and tax advisory firm located in the San Francisco Bay area serving clients all over the world.

Alan L. Olsen, CPA, Wikipedia Bio

 

 

GROCO.com is a proud sponsor of The American Dreams Show.

 

American-Dreams-Show-Accounting-firm-in-ca-cpa-tax-advisors-groco-alan-olsen

The American Dreams show was the brainchild of Alan Olsen, CPA, MBA. It was originally created to fill a specific need; often inexperienced entrepreneurs lacked basic information about raising capital and how to successfully start a business.

Alan sincerely wanted to respond to the many requests from aspiring entrepreneurs asking for the information and introductions they needed. But he had to find a way to help in which his venture capital clients and friends would not mind.

The American Dreams show became the solution, first as a radio show and now with YouTube videos as well. Always respectful of interview guest’s time, he’s able to give access to individuals information and inspiration previously inaccessible to the first-time entrepreneurs who need it most.

They can listen to venture capitalists and successful business people explain first-hand, how they got to where they are, how to start a company, how to overcome challenges, how they see the future evolving, opportunities, work-life balance and so much more..

American Dreams discusses many topics from some of the world’s most successful individuals about their secrets to life’s success. Topics from guest have included:

Creating purpose in life / Building a foundation for their life / Solving problems / Finding fulfillment through philanthropy and service / Becoming self-reliant / Enhancing effective leadership / Balancing family and work…

Untitled_Artwork copy 4

MyPaths.com (Also sponsored by GROCO) provides free access to content and world-class entrepreneurs, influencers and thought leaders’ personal success stories. To help you find your path in life to true, sustainable success & happiness.  It’s mission statement:

In an increasingly complex and difficult world, we hope to help you find your personal path in life and build a strong foundation by learning how others found success and happiness. True and sustainable success and happiness are different for each one of us but possible, often despite significant challenges.

Our mission at MyPaths.com is to provide resources and firsthand accounts of how others found their paths in life, so you can do the same.

Posted in

Using a Tax Shelter? IRS Says Beware

People look for many different ways to save on taxes, or even to avoid paying some of the taxes they really do owe. However, despite taxpayers’ best efforts, the IRS is always on the prowl and if you’re using unscrupulous means to avoid paying taxes there is a good chance you will get caught, including…

What Is Section 1202 Stock?

The Protecting Americans From Tax Hikes Act of 2015 (PATH Act), which was signed into law late last year, finally made several temporary tax breaks permanent. Among the tax breaks included is the Small Business Stock Gains Exclusion, known as Section 1202. So what is the Small Business Stock Gain Exclusion? Section 1202 is designed…

Some of the Most Amazing Tax Deductions Ever

At GROCO, we have been doing this for more than 50 years. That means we’ve heard just about every crazy tax story you can imagine. With tax season now officially in full swing we thought we would share some of the craziest tax deduction stories we’ve ever heard; and they’re all true. A gas station…

Is The U.S. Really a Low-Tax Country?

Many U.S. taxpayers feel that our country’s taxes are too high, no matter which economic class you’re in. Likewise, regardless of which side of the political world you rest, most people would agree that the U.S. tax system needs some serious upgrading, and not just some fine-tuning. However, it appears that compared to many of…