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June 28, 2021

June 28, 2021
Transitions, Part I
TRANSITIONS, PART I A while back, I wrote a Monday Morning Notes series entitled “Sailboats, Yachts, and Tall-Masted Ships.” In the article I used various sizes of sailing vessels as a metaphor to explain the transitions a business experiences as it grows. It starts out small, similar to a recreational sailboat cruising around a lake on a Saturday afternoon, and ends up as a mighty, tall-masted ship sailing the oceans. I explored some of the challenges a business owner and their team experience as their company grows, much like the captain and crew of the various size sailing vessels experience as the boats they sail increase in size. I explained how cash and the wind play similar roles as motive forces for moving a business or a sailboat forward, and how important it is to attract and keep the right people depending on the size business or boat. While I explored these changes from the physical aspects of transitioning from one boat to another—the money, people, and competitors for example—I didn’t delve into the psychological or emotional aspects experienced by the captain and crew. As business owners we often think of transitioning as something that happens toward the end of