Michael Kramer of ManageHub joins Steve Major on the Pricing Power podcast. 

Michael Kramer is an award-winning leadership consultant and successful entrepreneur. He negotiated the sale of his first business, an FDA licensed pharmaceutical repackaging company, with world famous Silicon Valley venture capitalist, John Doerr of Kleiner Perkins Caufield & Byers. Mike has  created courses in “Best Management Practices” for the University of Chicago, lectured at Northwestern’s Kellogg School of Management and DePaul University. He co-developed a curriculum for the Coleman Centre of Entrepreneurship and created a “Six Steps to SuperGrowth” class for Loyola University. Mike founded the Breakthrough Best-Practices Movement and was awarded the “Most Innovative Program of the Year” by Chicago’s Duman Centre of Entrepreneurship.

His latest innovation is ManageHub which is a social enterprise software that creates an organization’s private online community where leaders and their teams meet to share information, develop strategies, implement projects and assess progress. Additionally there is the ManageHub Accelerator which helps business owners adopt the same kinds of management practices used by the largest companies to create sustainable, scalable and saleable businesses. 

Show Notes

Quality management is the gap.  Many businesses are suffering from growing slowly pains. 

Mike through being a CPA and then running a business has seen the yin of accounting with the yang of management. The accounting can ensure the correct numbers are presented and then when coupled with true quality management the firm can grow in a sustainable manner. 

The common theme that unites all the quality management literature (eg Six sigma, TQM, Good to Great etc) is that great leaders, great strategies, great people continuously adopting to customer needs, refining processes and create a great culture.

The Baldridge framework bring this together.  (Baldridge Portal).  The Baldridge 20/20 Report. 

The Baldridge framework integrates all the themes of quality management. Organise people into process teams. Document the processes. This allows business to manage scope and implementation. 

The L Shaped curve is the survival rate of business. 66% of business fail between years 15 and 17. The trend of the business contribution to the economy is plummeting. There is now more failures than startups. Also 70% of businesses are owned by baby boomers. 

Accountants have a huge role to play in the future. True management advisory services are desperately needed.  Accountants insight from the numbers coupled with quality management. 

Connected to the fact is that because businesses are 70% owned by baby boomer is that there is a boom in merger and acquisition services. 

Accountants still making money from tax work and thus reluctant to change. 

Create a community around your business. – Managehub Community of Excellence initiative. 

Build a sustainable, scalable and saleable business.

Linkedin –  Mike Kramer 

Success Score Self-Assessment: (For a free 25-page report enter Mike Kramer as your ManageHub Coach at the end of the assessment):https://www.managehubaccelerator.com/success-score/

Offer ManageHub MAS Service: https://www.managehubaccelerator.com/become-a-managehub-coach/

Schedule a 15-minute ~ 30-minute ~ 60 minute meeting with Mike Kramer