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Looking To Grow? Turning Your Vision Into Reality
What better way to celebrate succession planning than to talk about growth in the business? You, as a business owner, are in a power position. With action, you can create control over your future. Growth, success, and succession are team sport. Welcome to the kick-off episode of The Rawls Group’s Succession Palooza celebrating GROWTH. Listen in to the discussion with Dan Gavin with Bernstein Private Wealth Management, Michael Rosendahl with PCE Investment Banking, and our very succession planner Loyd Rawls. For more on this topic, check out the other episodes: Acquisition and Business Succession: Why [...]
Business Growth, Consolidation & COVID
Whatever your vision is for your business, it is dependent on your business abilities to succeed through transitions – which is fundamentally the definition of succession planning. COVID 19, Supply Chain Issues, Talent Shortages, Consolidation, and Acquisitions are all examples of Transitions. So essentially, any change to our norm; represents a transition, which brings us to GROWTH because growth takes a strategy and creates changes to your norm. How do you grow your business even when things like consolidation and COVID seem to create challenges? When we lean in to change, we are presented with [...]
Acquisition Done! Now What? Hitting the Ground Running After the Close
Succession planning is about creating strategies to take control of the future based on your goals and vision. And if part of your vision involves growth through acquisition, you are in the right place. In this episode with Dan Gavin with Bernstein Private Wealth Management, Michael Rosendahl with PCE Investment Banking, our own succession planner Loyd Rawls discusses how to turn your acquisition strategy into the opportunity you envisioned. For more on this topic, check out the other episodes: Looking to Grow? Turning Vision Into Reality Acquisition and Business Succession: Why You Must Have a [...]
Power Position: Building Cash or Equity: Creating Flexibility & Maximizing Opportunities
Succession strategies are all about how to maximize opportunities to achieve your vision. For example, there is a lot of M&A activity across all industries; so how do you position yourself to take action when the deal is just right for you? Welcome to The Rawls Group Succession Palooza. In this episode, Dan Gavin with Bernstein Private Wealth Management, Michael Rosendahl with PCE Investment Banking, and our very succession planner Loyd Rawls discuss how to build the cash or equity to “hit when the iron is hot.” Looking to Grow? Turning Vision Into Reality Acquisition [...]
Petty Crap of The Family Business
When a family member enters the business, the emotional environment shifts. Family Business, by nature, is an oxymoron. Assuming a generally healthy family dynamic, family is a place for love and acceptance while and business an environment of what have you done for me lately. So, even the most balanced families find themselves struggling with "petty crap" from what appears to be never-ending sources by mixing family and business. If this kind of crap is becoming a major downer, Loyd Rawls suggests to re-connect with your WHY: 1. WHY you took on the challenge of allowing family members to [...]
Episode 1: Why is the CFO Important to Succession Planning?
CFO's are critical in the business AND in the succession planning process. Their job is to understand the finances and vulnerabilities related to cash flow, turnover, and any external influences impacting the business. CFO's generally have a close relationship with the owner and understand the owner's goals, vision, and concerns. CFO's are also engaged with other key leaders in the organization, which provides them a unique perspective on the technical and practical issues that could impact the owners' long-term vision. Over the course of this six-episode series, Ed Reinhard, Partner and, Brian Brueggeman, a Senior [...]