Hugh B. RobertsAll Articles
Video: I Don’t Want to Retire
For most business owners, you love what you do and you probably feel like Bobby Bowden, FSU football coach who was reported to say, “I don’t want to retire and die six months later like Bear Bryant!” To many, retirement feels like the end. I’m just like so many of you – retirement is not a goal of mine. BUT, I understand that if I want my clients to continue to be well served beyond me, I need to prepare my successor/s. Watch this short video where Hugh Robert's shares strategies to prepare where successors, while still doing what you [...]
I Don’t Want To Retire
I’ve heard this a thousand times from business owner clients over almost 40 years I’ve been a business succession planner. I understand - I don’t want to retire and I’m five years older than the age my father retired. For most business owners, you love what you do and you probably feel like Bobby Bowden, FSU football coach who was reported to say, “I don’t want to retire and die six months later like Bear Bryant!” To many, retirement feels like the end. “I WANT A SUCCESSION PLAN TO CONTINUE MY LIFE’S WORK” This is the primary reason why [...]
The Vaccine for Fear
It’s day 41 working from home due to the Coronavirus lock down. During that time businesses on survival mode, applying for PPP money, people laid off, applying for unemployment, portfolios taking a beating. The result – fear, anxiety, and stress! Especially for those of us in the higher risk categories, it appears we won’t be totally safe from COVID -19 until we have a vaccine, which isn’t likely to be available for a long time. Until then, how do we vaccinate for fear, anxiety, and stress? Prayer! It starts with gaining perspective – PSALMS 46 says, “be still and [...]
The 100MPH Fast Ball – Leading When Crisis Hits
When a 100-mph fastball is thrown at your head, pretty good chance you’re going to end up on your butt trying to get out of the way! That’s what COVID-19 felt like when overnight our lives got turned upside down. But, my partner Jeff Bannon, who played 9 years of professional baseball, said, you can’t let the pitcher intimidate you – you have to get back up and go after the next pitch. What 100 mph fastballs have you been facing? Business stopped cold – having to lay off hundreds of employees Someone you care about has contracted the [...]
Video: The Vaccine For Fear
How do we vaccinate for fear, anxiety, and stress? Pray and go! Pray – PSALMS 16 “Keep me safe O God.” By doing so you are acknowledging the truth in this statement, “I don’t know what the future holds but I know the one who holds the future.” Then go! Focus on caring for others– your family, employees, and customers. You can only do that most effectively if you use the vaccine – prayer – and give yourself some time off for fun and relaxation which will release your rubber band. Hugh Robert's shares strategies to overcome feeling like [...]
As Seen in Digital Dealer – Estate Taxes – Still a Problem for Succession
With the lifetime exemption per person currently in 2020 at $11.8M, a married couple can pass a $23.6M estate tax-free to their heirs. For most Americans, estate taxes are therefore no longer a problem, but that is not true of car dealers, with the value of dealerships having escalated considerably. Unless you have a plan in place which will allow your estate to be able to pay your estate taxes, your dealership succession plan could be in danger! Dealers need to be concerned, since the estate tax exemption is scheduled to revert to 2017 levels – $5.4M per person, [...]
