Loyd Rawls

About Loyd Rawls

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So far Loyd Rawls has created 142 blog entries.

As Seen in Digital Dealer – The Trust Protector

2019-10-15T15:16:43-06:00By |Categories: Succession Blog|Tags: , , |

A trust protector is vital for family businesses to safeguard the trust and beneficiary from issues or circumstances that could lead to problems down the road. To illustrate this point further, here’s an anecdotal story of a family business matter where the role of a trust protector proved to be particularly important. (Billy) “Hi, Loyd [...]

As Seen in Digital Dealer – What You Should Know About the Tax Cuts and Jobs Act of 2017

2019-10-15T15:17:35-06:00By |Categories: Succession Blog|Tags: , , |

The automotive retail industry is no stranger to oversight and regulations by both state and federal authorities. In addition, because dealerships are major producers of both financing and insurance products, state and federal insurance and lending, authorities also supervise their activities closely. Acknowledged as the litmus of the economy, the Department of Commerce demands reports [...]

As Seen in Digital Dealer – C+ on Leadership

2019-10-16T10:14:27-06:00By |Categories: Succession Blog|Tags: , , |

Jack came enthusiastically into the waiting room reaching out for a handshake and pulling me in for a hug. “Dr. Merlot, thank you reviewing my Thesis on leadership for my MBA program. I extremely grateful you would take the time. I’m even more honored by the personal visit me. You could have just called and [...]

As Seen in Digital Dealer – Succession Vision Quest

2019-10-16T10:18:19-06:00By |Categories: Succession Blog|Tags: |

I was sitting at my desk when Dr. Merlot sauntered in, sat down quietly waiting until I finished an email. As I hit the send button I realized something was up because he was never this patient. Curious for sure, I looked up and leaned back, “What’s up Doc? Anything wrong?” He crossed his legs [...]

As Seen in Multi-Unit Franchisee Report – Changing Perspectives for the New Year

2017-12-13T18:00:53-06:00By |Categories: Succession Blog|Tags: |

As we go into this holiday season, many may find themselves thinking, “I just might have had all the family I can handle.” The holidays are wonderful and provide togetherness and memories. But if you work with family, it is very easy to get "over-familied" and with that, a growing sentiment of needing space. The [...]

As Seen in Digital Dealer – Fallacy

2019-10-16T10:22:40-06:00By |Categories: Succession Blog|Tags: , |

Dr. Merlot and I met up during a layover in Charlotte in route to a family business operating three semi metro dealerships in the Midwest. In our previous visit, we had been dealing with a daughter with a drug issue. Now we were focusing on preparing the dealer’s son and other daughter to be approved [...]

As Seen in Multi-Unit Franchisee Report – Managing a Franchise Business With A Spouse

2017-11-27T18:00:53-06:00By |Categories: Succession Blog|Tags: , |

Where the holidays may be a hot spot for family issues, spouses working together in business create opportunities for conflict throughout the entire year. Marriage vows speak to commitment during "richer or poorer and sickness and in health." Managing personal finances, sacrificing and nurturing individual needs for the sake of the union, and disagreements about [...]

As Seen in Digital Dealer – Bringing Next Generation Family Members into the Dealership

2019-10-16T10:23:51-06:00By |Categories: Succession Blog|Tags: , |

One of the biggest questions dealers are asking these days is when and how to bring their next-generation of the family in the dealership. The simple answer to this is that they should come into your business when they, and you are ready. Readiness, however, is a subjective term. These three perspectives, should be considered [...]

The Impacts of Family Dynamics on the Transition of Leadership in a Multi-Generational Dealership

2017-05-22T06:30:43-06:00By |Categories: Succession Blog|Tags: , , |

In a collaborative effort to demonstrate some common roadblocks that both DHG Dealerships and The Rawls Group often sees within family-run dealership clients who are in the process of making leadership changes, this case study will briefly analyze the family dynamics between Sam (dealer) and his son, Mark. Background At 80 years-old, Sam is the [...]

As Seen in Automotive Buy Sell Report – How to meet the consolidators head-on in the dealership consolidation game

2017-05-10T23:05:53-06:00By |Categories: Succession Blog|Tags: , |

Most owners and leaders of privately-held dealerships are wondering what’s going on with the publicly-held dealership groups as they engage in consolidation. These consolidators generally look down upon the privately-held dealerships as competitors because “I previously fired most of their employees”. Furthermore, there is general resentment that the local “dealer club” has been disrupted by [...]