Resources
Navigating Conflict: How to Avoid Communication Shipwrecks
Understanding the Prevalence of Conflict Conflict is a prevalent challenge in business ownership. In recent times, we have seen the effects of conflict both on a global and local scale, with ongoing tensions in the Middle East, political instability in different countries, and disagreements between leaders. But conflict can also exist in our personal [...]
Balancing Familiarity & Business Goals
Many business owners struggle with conflict and unrealistic expectations among their leaders, employees, and families. To prevent this, it's crucial to create an attractive work culture that promotes bonding and understanding beyond just driving revenue. This can be achieved through company events, cultural practices, and getting to know each other on a personal level. [...]
Hart Energy – The CEO Succession Question
The CEO succession question is a pertinent one for all companies: Does your organization have a plan to ensure that the leadership role remains secure and effective in the long term? Is there bench strength for all key leadership roles, in addition to the CEO? To build business value and ensure the continuity and [...]
What 3 Things Dealers Must Consider for the Future
There are countless strategies for achieving your personal and business vision. Whether it is a family-operated business integrating family into leadership/ownership positions, keeping the business as a family asset but delegating operations, or selling to a third party, the key is to determine the right strategies specific to your unique goals. Like most car dealers, [...]
Buying or Selling Your Dealership: 5 Things You Must Consider
Dealership profits continue to soar, and dealership valuations are at record-high levels. This is creating a surge of activity in automotive retail buy-sell. All this activity is creating wonder around buying or selling, prompting many dealers to revisit their succession plans. Champ Rawls, a Succession Planner with The Rawls Group, and Alan Haig, President [...]
4 Family Business Tips for the Holidays
The holidays can bring about a mixture of happy and sad emotions. Privately-owned businesses are unique in that your business is a family business. You may employ those related to you by blood and employ loyal people you have grown to care about beyond just dollars and cents. In a family business environment, mismatched expectations [...]