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  • 10 Critical Skills to Be an Effective Leader
    to meet but we don t interfere on how they do so because we empower our employees to take innovative and new approaches to reach their targets 3 Clearly Communications Expectations No leader can do everything by themselves That s why it s critical that they delegate and distribute power amongst the organization This includes being clear about what is expected of everyone When a leader is clear about expectations it empowers teams to be more productive and proactive This leads to high levels of job satisfaction and commitment to the organization 4 Has the Flexibility to Change Opinions Being flexible not only demonstrates that you are willing to learn but want your employees to do the same It takes courage to admit that someone else s idea is better but doing so shows your employees that their opinions are valid and welcome The end result is that it fosters organizational learning and growth 5 Is Committed to Employee s Ongoing Training When a leader wants their employees to continue to grow and learn it shows that they encourage learning As I ve said in the past the most valuable trait of a successful leader is the willingness to learn So it s essential that they pass that on to their employees and encourage them to learn as well 6 Communicates Often and Openly Bad communication can hurt relationships stifle growth and prevent teams from reaching their goals That s why effective leaders are those that communicate often and openly It allows them to connect with other employees and have everyone on the same page When employees clearly know what the organization is working towards they will be that much more dedicated to reach their goals 7 Is Open to New Ideas and Approaches No one likes a person who is stuck in their ways and thinks that their approach is the best 100 of the time It takes humility and self awareness to be open to other s opinions But when you re willing to collaborate and try new approaches it allows for innovative and great things to happen 8 Creates a Feeling of Succeeding and Failing Together An effective leader is an effective mentor and what do mentors do They come alongside their mentees to guide encourage and help them when they stumble By doing this employees don t feel the weight of the world on their shoulders and know you re there for every step of the journey Plus it builds a stronger company culture when employees know they succeed and fail as one unit 9 Helps Employees Grow into a Next Generation Leader What sets a boss apart from a leader is that they want to nurture growth Effective leaders know that they are not going to be around forever so they want to build up the next generation of leaders that will succeed them At Volaris we do that by creating development plans for each of our employees and give them responsibilities that will push

    Original URL path: http://www.volarisgroup.com/blog/article/10-critical-skills-to-be-an-effective-leader (2016-04-25)
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  • Exit & Succession Planning Pt. 1
    see businesses owners take a reactive approach towards succession planning In such situations the business owner waits until an unforeseeable circumstance presents itself to begin thinking about the necessity of succession planning and its role in their business Without time on their side they re forced to look for senior executives who are unfamiliar with the company s operations Although there may appear to be a healthy batch of candidates with proven track records bringing them into your company does not guarantee they will perform with the same level of success Succession Should be Stitched into Your Corporate Culture The most effective way to continuously plan for succession is to foster a culture that promotes thinking about the future as a valuable quality Having succession planning a regular part of your corporate culture portrays commitment to the long term success of your company Succession Planning for Vertical Market Software Companies When it comes to Vertical Market Software companies Owner Operators have the added pressure of ensuring future leaders understand the specific needs of their business In optimal circumstances business owners may already have a strong candidate suited to the task In other scenarios an acquisition may be an ideal choice as the company can continue operations under the right buyer When an acquirer is interested in keeping the business and continue scaling it usually means that employees are well cared for and customers continue to receive the same attention and service Tweet About Us We acquire strengthen and grow vertical market software companies so that they are leaders in their industry Our buy and hold mentality means that when we acquire a business we hold onto it for life We have expertise working in various geographical markets and can help your business grow into these different areas Not only do

    Original URL path: http://www.volarisgroup.com/blog/article/exit-succession-planning-pt.-1 (2016-04-25)
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  • Going Global - Learning from Wal-Mart’s Mistakes
    chains Aldi and Lidl dominate the market and focus on selling products at extremely low prices while maintaining high quality standards The market is oligopolistic with Aldi heavily influencing and setting prices Wal Mart underestimated how prominent Aldi and Lidl are and didn t adjust their strategy to account for their competitors 2 Lack of Cultural Fit Wal Mart s corporate culture never resonated with the Germany audience They tried to enforce American values and practices which didn t sit well with their German employees Management did not listen to its employees when employees came to them with suggestions and improvements Lastly there was no stability with top management as they were constantly turning over The high turnover was inconsistent with German s preference for stability and long term orientation 3 Didn t Understand Consumers They didn t take the time to understand consumer needs and preferences This may be due to Wal Mart Germany s first CEO being an American who refused to learn the language or culture German consumers don t value the one stop shop proposition that Wal Mart offered and focus more on price and value than service and quality The fundamental differences between consumer preferences and Wal Mart s offering caused consumers to have animosity towards the brand Lessons Going Forward Know Your Customers Understanding your customers inside and out is critical for success Unless you solve their needs they won t care about your product or brand We push our companies to spend time with customers and involve them in the development process The Importance of Culture For a company to thrive they need employees who fit with the corporate culture and want to be ambassadors for the company Happy employees will attract top talent and provide a strong brand image especially in a

    Original URL path: http://www.volarisgroup.com/blog/article/going-global-learning-from-wal-marts-mistakes (2016-04-25)
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  • Why Did Silvervine Decide to Join Volaris?
    Home Blog Why Did Silvervine Decide to Join Volaris Why Did Silvervine Decide to Join Volaris Tweet In this short video Gary Martin Managing Director of Silvervine discusses why he chose Volaris as an acquirer and how the experience has benefited his company Tweet About Us We acquire strengthen and grow vertical market software companies so that they are leaders in their industry Our buy and hold mentality means that when we acquire a business we hold onto it for life We have expertise working in various geographical markets and can help your business grow into these different areas Not only do we understand the software industry and its nuances but we know how to operate business around the globe Read More Latest News October 05 2015 Volaris Group Acquires Red River Software September 15 2015 Volaris Group Expands Position in Communications Vertical with Acquisition of NETadmin Systems January 05 2015 Volaris Group Acquires Kinetic and Expands Presence in Asset Management and Logistics Vertical All News Copyright 2016 Volaris Group Inc All rights reserved Careers Send Us a Note Thank you Your request has been sent Location CANADA 5800 Explorer Drive 5th Floor Mississauga ON Canada L4W 5K9 Tel 905

    Original URL path: http://www.volarisgroup.com/blog/article/why-did-silvervine-decide-to-join-volaris (2016-04-25)
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  • The Do’s and Don’ts of Dealing with Conflict
    be clear about the problem you re addressing and your proposed solution Don t Let Your Emotions Get the Best of You Humans are emotional beings and sometimes it s difficult to keep our emotions in check No matter how much you want to lash out and scream at someone because of the conflict don t do it Take a minute breathe and try to think things through rationally Do View it as an Opportunity For conflict to happen tensions arose from somewhere whether it was a dispute over the direction of a project communication breaking down within a team or anything else Whatever it may be resolving the issue provides an opportunity for a fresh start You ll able to clear the air and go forward without any barriers in your way Don t Be a Bully It s easy to get defensive when conflict happens and immediately think you re in the right In an attempt to prove the other parties wrong you become a bully and try to force them to your way of thinking Though they may give up and agree with you this doesn t truly solve the issue at hand Instead remain level headed listen to what the other party has to say and bring in a neutral third party if need be to help mitigate the issue Do Deal with the Situation Directly When conflict arises resist the urge to talk to everyone about it but the person you are having an issue with Yes you can seek counsel from a trusted advisor on what to do with the situation But ultimately you need to talk with the parties involved in the conflict directly and sooner rather than later Your Turn How do you manage conflict What are some of the strategies that

    Original URL path: http://www.volarisgroup.com/blog/article/the-dos-and-donts-of-dealing-with-conflict (2016-04-25)
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  • 10 Qualities of Exceptional Employees
    needs to get done 4 They Know When to Speak Up Sometimes speaking up is difficult to do Whether it s talking about the elephant in the room or challenging a decision exceptional employees will do so but only when it s the best time and place 5 They Check Their Egos at the Door From time to time we all have our egotistical moments But exceptional employees are the first to swallow their pride and admit their wrongdoings They are also willing to back down in order to maintain team harmony 6 They re Never Satisfied Exceptional employees don t settle for the status quo They re always looking for ways to be more efficient and improve themselves 7 Are Solution Oriented Exceptional employees don t let problems linger or say that s the way it s always been when something isn t right Instead these employees look for new solutions and ways to improve processes They also put numbers around each problem so they can quantify the issue 8 They re Accountable You can count on these employees to get the job done But when a mistake does happen they will admit their fault and do what they can to fix the situation 9 They re Brand Ambassadors These people embody your brand values and are leaders even if they don t hold leadership positions Exceptional employees truly represent who you are as a company and are brand ambassadors even when they re not on the clock 10 They Don t Let Toxic People Affect Them It is inevitable that you will come across people who rub you the wrong way and are hard to deal with But instead of letting those toxic people get them down exceptional employees keep their emotions in check and keep negativity at

    Original URL path: http://www.volarisgroup.com/blog/article/10-qualities-of-exceptional-employees (2016-04-25)
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  • 4 Lessons from the 2016 Berkshire Hathaway Shareholders Letter
    if their needs aren t being met When you own and hold your companies forever you need to invest in both customer service and product development 2 Empower Your Employees and Give Them Autonomy While Buffett and his business partner Charles Munger searched for new acquisitions to join Berkshire Hathaway they empowered their subsidiaries to make their own acquisitions within their business units By giving them that autonomy it resulted in 29 bolt on acquisitions Growth can be categorized in two ways organic or acquired At Volaris we push our businesses achieve both and empower them to make acquisitions on their own 3 Hire Talented People Berkshire Hathaway s success is due to more than just Warren Buffett and Charles Munger It s because they have smart people running their subsidiaries who know their businesses inside and out Buffett is quick to say that some of his businesses wouldn t be where they are today if it wasn t for the people who run them When making acquisitions Buffett looks at the leadership team just as much as the financial performance of the company Why Because leaders make or break the business Having talented people leading the business sets the company on the path to success 4 Admit Your Mistakes and Learn from Them Warren Buffett admitted that he made some misjudgements when it came to allocating capital in 2015 Instead of placing the blame on someone else he owns up to his errors and acknowledges that not every decision is going to be a good one It s easy to step up when there s a success but a true leader takes responsibility when things are good and bad Tweet About Us We acquire strengthen and grow vertical market software companies so that they are leaders in their industry

    Original URL path: http://www.volarisgroup.com/blog/article/4-lessons-from-the-2016-berkshire-hathaway-shareholders-letter (2016-04-25)
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  • 8 Disruptive Technology Trends to Consider Before Selling Your Software Company
    shift in how organizations obtain and maintain software hardware and computing capacity Cloud will continue to transform all business processes 3 Strategic Big Data Big Data is moving from a focus on individual projects to full enterprise information architecture Data volume variety and complexity are all forcing changes to traditional approaches 4 Advanced Analytics Analytics are increasingly delivered in real time at the point of action and in context Improved performance and reduced costs offer enhanced predictability and visibility for better business decision making 5 Machine to Machine M2M Networks M2M technologies empower wireless systems to communicate with other devices sharing the same capabilities thus generating networks of smart devices that are more powerful robust and agile 6 Mobile Tablet Popularity The responsive mobile web is fast becoming a must have capability All organizations need to consider accessibility via mobile device if they are to stay competitive 7 Electronic Concierge Services While Siri may be the most popular electronic agent there should be no doubt that this technology will continue to evolve in the coming years Soon enough all industries retail manufacturing and medical will have Siri like assistants 8 Improved Location Awareness While it may be reminiscent of Big Brother this technology will take geo social marketing to new heights for companies in all industries across verticals Your Turn Does your solution integrate or accommodate these changes Let us know what you think about these trends in the comments section below Tweet About Us We acquire strengthen and grow vertical market software companies so that they are leaders in their industry Our buy and hold mentality means that when we acquire a business we hold onto it for life We have expertise working in various geographical markets and can help your business grow into these different areas Not only

    Original URL path: http://www.volarisgroup.com/blog/article/8-disruptive-technology-trends-to-consider-before-selling-your-software-com (2016-04-25)
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