Loyd H. RawlsAll Articles
Part 2: The Impacts of Family Dynamics on the Transition of Leadership in a Multi-Generational Dealership
Family issues can impact business decisions, such as in the case of a multi-generational dealership whereby an older owner struggles to relinquish control in the wake of his/her child’s desire and readiness to exercise more control. In this video segment, The Rawls Group's founder, Loyd Rawls, teams up with DHG Dealerships Partner, Leslie Fry, to touch on a few strategies to help expose some barriers to enable a smooth leadership transition from dealer to child. https://youtu.be/j_lW-E3Ntj0 Additional ResourcesInterested in what Loyd and Leslie had to say in Part 1 of the series? Click HereRead the Case HistoryDownload PDF version of Case HistoryContact: [...]
Part 1: The Impacts of Family Dynamics on the Transition of Leadership in a Multi-Generational Dealership
https://youtu.be/sWbdoRvZ_zY Family issues can impact business decisions, such as in the case of a multi-generational dealership whereby an older owner struggles to relinquish control in the wake of his/her child’s desire and readiness to exercise more control. In this video segment, The Rawls Group's founder, Loyd Rawls, teams up with DHG Dealerships Partner, Leslie Fry, to address how such family dynamics impact a given dealership’s performance. Additional Resources: Check out Part 2 and hear what Loyd and Leslie have to say about a few strategies to help expose barriers and enable a smooth leadership transition from dealer to child. Click [...]
As Seen in Digital Dealer – Respecting Each Other’s Differences Builds Long-term Success
As owners or managers in the business, we often put a lot of pressure on ourselves to “do it all”. We like to own the work and too often, avoid delegating or mentoring others for fear of losing our position of power. What happens is that we, as the leader, set an example that others try to follow, and before you know it, people are working in silos. The reality is that teamwork is one of the most crucial foundations to a successful, long-term business and the entry for our future leaders. Because we are human, the tendency to share [...]
The Exit Strategy Dilemma – What’s Best for the Owner vs. the Business
When the subject of exit strategy is broached, antennas around the organization and within the family go up. The retirement plan of a business owner is a very important subject to family successors, key managers, vendors, creditors and Board members. Carrying on dialogue on this succession issue and achieving traction are two strikingly different goals. Anyone who has ever been associated with an innovative, ambitious, driving business owner recognizes pulling off an exit strategy or even making substantive progress is a formidable challenge. These dynamos are often caught in the Exit Strategy Dilemma. On one hand, the owner can be [...]
As Seen in Automotive Buy Sell Report – Selling Your Business Because You Want To Not Because You Have To
As your business vision develops over time, evaluating the option to transfer the dealership(s) to family, key management, or to sell to a third party can be an emotionally draining process. As a successful dealer, passion drove you to make sacrifices and take risks to develop a strong automotive enterprise. Seeing the seeds of your labor that you planted early in your career grow and develop over time fuels your drive for the business. Read the complete article on the Automotive Buy Sell Report Magazine website Sign up for our monthly e-newsletter to stay informed on how to overcome related [...]
