News from Executive Forum of the Lehigh Valley
Such conversations like what is their medical information, what medicines are they currently taking, what are their assets, do they want to live out their life in their home or do they want to be in a care facility?
Jacklyn Atiyeh, Executive Director, Heather Glen Senior Living
Brianna Clauser, Luther Crest Senior Living Facility
Steven Goodman, Ascend Hospice and Palliative Care
The June 2nd Elder Care Panel Discussion provided insight and answers to many questions surrounding choosing the right type of care of our elderly loved ones. Below are key takeaways from June 2nd.
Seek the advice of legal counsel before acting on the behalf of an aging loved one.
The type of care required varies by individual needs. Many facilities offer all, starting with assisted living, which can progress up to skilled care.
When choosing a facility, ask for references from the facility and residents. Tour the facility yourself and utilize all your senses when doing so. Is it a quiet, peaceful place? Are they sufficiently staffed? Does the facility smell clean?
Great Facilities offer varying types of group activities. Consider the interests of your loved one and choose a facility that offers likeminded activities.
Hospice and Palliative Care is the choice of the patient, not the facility. Take time to explore them as they are not all alike. For more information on Hospice and Palliative Care, speak to Forum member Steve Goodman for sound advice.
Before attending our meeting Amy sent out a link of 27 Challenges -Stages of Growth from the book "The 7 Stages of Growth" by James Fischer. We were to review the list and circle our top five challenges we are experiencing in our workplace.
The 7 Stages of Growth were represented by the number of staff, number of managers, number of executives:
1. Start-Up CEO is basically doing everything in growing the company and in survival
2. Ramp-Up CEO continues to focus on growth and starts to delineate responsibilities
3. Delegation CEO must start to relinquish control and needs to have staff buy-in
4. Professional CEO needs to hire professional managers who have a successful track record
5. Integration CEO needs to focus on unifying the organization
6. Strategic CEO needs to create and implement strategy, create a culture and core values are key
7. Visionary CEO must be the visionary; must not lose sight of the targets
Growth = Complexity and at each stage there needs to be an understanding of what is needed from the CEO. As the company grows it is critical that the CEO grows and is flexible regarding their leadership and what is needed for the organization to stay focused and at the same time continue to grow the company.
During all 7 Stages of Growth there are 3 "Gates of Focus"; Priority, People, Process. Although all of these are present at each "Gate of Focus" they take on a specific standing at each stage of growth.
Amy then asked us how we rated the list of challenges that we each face in our organizations and related that to the 7 Stages of Growth. She then posed the question as an employer what do I need to do to get to the next level?
Amy then reviewed the "Three Faces of the Leader Blend" : Visionary, Manager and Specialist and when are each of these needed in the organization based on the stage that the company is in.
We then had a robust conversation regarding the "Five Primary Challenges of a Company":
1. Cash flow
2. Hiring quality people
3. Staff buy-in
4. Weak project management
5. Improve sales
Selling investment real estate, whether it’s our business building, a rental property or others type of investment real estate means you may have a large capital gain. We will explore using an IRS approved process that potentially defers your capital gains, as well as a solution that may not require you to continue owning/managing a specific physical property. This is an important subject matter for anyone who owns investment properties like office buildings, warehouses, beach properties and rental homes to name a few categories. Contact Ken if you need guidance on the sale of your investment property.
John Eltringham gave an insightful presentation on combating Workers Compensation Abuse.
Here are some Key Takeaways:
1. Develop policies to get the employee back to work as soon as possible in a light duty role.
2. Do your due diligence when hiring new employees, ask about workplace safety and injuries at prior jobs.
3. Install security cameras for review of workplace safety violations and opportunities for improvement.
HMK Insurance provides a variety of insurance and support to local businesses. Learn more at https://hmk.aleragroup.com/business-insurance/products-services-business/