From Lemons to
LEMONADE

2020 is a year like no other.

Businesses across the country had to adjust to an unheralded new reality. In response we hosted the virtual Lemonade summit with hundreds of closely held business leaders from across the US.

The Lemonade Labs are our follow up from that summit. They are designed to equip business owners to lead through critical seasons of business transition (such as scaling, family succession, sale - or a global pandemic!)

The labs are designed for family or closely held businesses between $1M & $500M in annual revenue.

Participants can include:

Business owners
Next generation future owners and leaders
Key executives

6 Lab Series

The Lab Series is made up of 6 virtual sessions which can be purchased in part or in whole. Each lab is 2 hours in length, features peer group breakouts, high quality digital resources, and is facilitated by leading subject matter experts.

1. Charting Your Course

Conduct a comprehensive, rapid fire evaluation to identify critical focus areas for moving you, your family, and your business forward in a healthy and sustainable way. Efficiently scan your internal & external environments to identify hidden opportunities for both growth & overcoming challenges

Lab Outcomes:

Actionable insights you can communicate to your family, leadership team, and/or advisors.
Clarity for prioritizing resource (time, money, people) allocation to drive results.
Frameworks and tools you can use for continuous exploration and development with your family and leadership team.

ADDITIONAL DATES COMING SOON

2. Realizing Resilience

Resilience means knowing how to cope in spite of setbacks, barriers, or limited resources. This workshop will explore some tools that you can use to help you become more resilient. Resulting in even greater stamina as both an individual and a business owner.

Lab Outcomes:

A deeper understanding of the factors that may be affecting your personal resilience.
The ability to identify cognitive biases that may be working against you.
A personal resilience plan to help you navigate through challenging times.

ADDITIONAL DATES COMING SOON

3. Building your Board

Separating management and governance fosters opportunity for smoother succession efforts, improved business performance, and increased family cohesiveness.

Lab Outcomes:

Actionable insights for developing a board that works for your business.
A clear process for separating governance and operational management to improve business performance.
Clarity on how to identify and conquer hidden obstacles that prevent board success.

ADDITIONAL DATES COMING SOON

4. Curating your culture

Studies prove business owners realize up to 50% more money to the bottom line when they intentionally align organizational culture with strategy (Heskett, 2011). Recent global challenges are changing your culture. This session will help you identify actionable insights for gaining control and curating a culture that gets results.

Lab Outcomes:

Understanding why culture matters to your bottom line.
Ability to identify what culture is, what culture is not, and how the family-business system drives culture.
Action steps for gaining control of your culture.

ADDITIONAL DATES COMING SOON

5. Navigating Family Business Leadership Dynamics

Differences in generational values, competing priorities, gaps in KASE (knowledge, ability, skills, and experience), non-productive conflict, family narratives, and world events are increasing the importance of leadership team cohesiveness, particularly among family leaders. This session will use assessment data (completed in advance) to help family business leaders navigate interpersonal & group dynamics, increasing productive conflict, commitment and accountability to drive results.

Lab Outcomes:

Data driven insights about the type of conflict that exists in your family business.
Understanding how to use communication tools to improve productive conflict, accountability, and results.
Clarity on when to ask, when to tell, and when to call in a third party.

ADDITIONAL DATES COMING SOON

6. Financial Freedom

If your financial meetings focus on telling the story of what happened in the past, you are missing a powerful opportunity for strategically managing your future. Your financial statements hold hidden treasure. This lab provides owners and their management team with the opportunity to stop looking in the rear view mirror. Use your own financial statements to identify opportunities for connecting strategic choices to financial decisions, increasing profitability, and driving value into your business.

Lab Outcomes:

Identify obstacles and opportunities for increasing performance using your own financial data. (Note: You will NOT share your financial information.)
Learn how changing the financial conversation with your CFO and management team can drive profit to the bottom line.
Gain clarity on how to conquer cognitive biases and thinking errors that sabotage financial performance.

“I was blown away by the Lemonade Lab. The depth of information, quality of materials and focus on the Family Business aspect of things were incredible. With so much going on in the world . . . this program offered the perfect opportunity to step back and systematically evaluate our business from every angle.
”

— Jenny Dinnen, President, MacKenzie Corporation

“The Lab gives you the tools and guidance to assess the most critical areas of your business. The rapid self assessments you take, will give you guidance and clear areas of your strengths and weaknesses. By the end, you will have a plan of action on what to focus on.”

— Linh Nguyen, Vice President, Advance Beauty College

“In this crazy time for all of us the Lab was a great 2-hour step away to fill one’s tank up with some strong perspectives regarding our business and next steps in our Covid recovery. In an all virtual format, the session also provided short, meaningful breakout collaborations with attendee peers, that helped express the content presented. ”

— Greg Goodwin, President, Friar Tux Shops