Talking to Owners About their Leadership as a Value Driver

As a non-HR professional who works with business owners, talking about leadership and human resources may feel a little foreign. However human capital is one of the key value drivers in a business.

You can significantly benefit your business owner clients by promoting the concepts of leadership and culture as drivers of transferable enterprise value. Understanding how to leverage leadership and culture to build value is essential when talking to your owner clients.

Like owner dependence, let your owner clients know leadership and culture can positively or negatively influence the value of their business. It is important to understand building a strong leadership team and fostering a culture of value creation require intentional effort and strategic planning.

It is important for owners to understand an effective leadership team tackles and plans for the need for delegation, clearly defined roles and prioritizing hiring based on expertise gaps and business needs today and into the future.

Ensuring the whole team – reception to c-suite – understands they contribute to business goals happens with regular and ongoing communication. The value building mindset starts with leadership and lives in the team as a whole. It is important to develop leadership skills throughout the company.

It is important to invest in highlighting and rewarding the desired traits and initiatives. Creating a healthy culture and featuring an environment of an entrepreneurial mindset, ownership mentality and continuous improvement within the organization brings value to the business today and at time of owner transition.

Encourage your owner clients to invest five minutes in this Culture of Value Creation Scorecard. In exchange for their time, they will receive a report, complete with next steps towards creating a culture of value in their business.

You may not be an HR professional, but you can help business owners understand and implement steps to make their leadership and entire team focus on building value. You can support with helping to navigate the complexities of building a robust leadership team and cultivating a culture that drives positive change and enhances enterprise value.

As a trusted advisor to your business owner clients, you can help them unlock their full potential for growth and profitability.