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Inside Automotive Succession Planning
Harmonious Family-Business Integration through Succession Planning
Integrating family into the business is a tricky process. Commonly, owners are either too easy or too hard on their kids, and with no formal process, next-generation flounders. Insecurities and [...]
Developing Future Leaders: Empowering the Potential of the Next Generation
Succession planning shows your employees you care and are committed to being around for the long haul. In addition, the business provides for many families, so engaging in long-term planning [...]
Chastang Ford: A Houston Ford Dealer’s Succession Planning Journey
As a first-generation business owner, Joe Chastang has built a solid and successful diversified business in downtown Houston, TX. Initially, an employee of Volvo heavy truck, starting in 1991, Joe [...]
Empowering Next-Gen Family Members, Both In and Out of the Business
Thirty-five years ago, Roland Spongberg started a restaurant company with one El Pollo Loco in Long Beach, CA. Today, WKS Restaurant Company employs 12,000 employees across 375 restaurants in 19 [...]
Succession Strategies for Growing Families and Businesses
Roland Spongberg became interested in succession planning after a car dealer friend shared difficulties he was experiencing with his siblings. With no desire to cash out and a father of [...]
How Succession Planning Transforms Businesses into Profit Powerhouses
Developing strategies for growth is essential to succession, especially in Century Automotive Group’s case, where four kids are interested in the business within the third generation. As Tracy shares in [...]
The Succession Matrix: Unlocking Growth and Future-Proofing Your Family Business
Many people put off succession planning because they think it means retirement, exit, and the end. However; succession planning is just the beginning. It gives the owner options in terms of what “their next” looks like, whether that be growth, philanthropy, or a new business venture. Our process focuses are addressing 10 key areas of what we call the Succession Matrix.
Click the following link for more drill-down resources on The Succession Matrix, or check out our Facebook post.
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