Developing Talent, & Making a Lasting Impact: Strategies for Minority Car Dealers

2023-08-11T13:44:55-05:00By |Automotive, National Association of Minority Auto Dealers, Succession Blog, Video|

Auto dealership owners face unique challenges when building wealth and planning for the future. With a rapidly changing industry, it's crucial to have a solid plan for succession and financial stability. From identifying talented individuals within the organization to expanding investment portfolios, there are an array of strategies dealers can [...]

Unlock Your Path to Multi Unit Franchisee Success

2023-07-07T15:17:14-05:00By |Multi-Unit Franchising, Succession Blog|

Mastering Objectives and Strategy for a Thriving Future Approximately 20% of new businesses fail during the first two years of being open, according to data from the Bureau of Labor Statistics. Additionally, 45% fail during the first five years, and 65% fail during the first 10 years. However, only 25% of new businesses survive [...]

10 Aspects of Succession Planning in Automotive Retail

2023-06-29T14:58:33-05:00By |Advisor Collaboration, Automotive, Strategic Considerations in Automotive Retail, Succession Blog, Video|

Succession planning is critical to any business; auto dealerships are no exception. With the automotive industry constantly evolving and facing new challenges, effective succession planning has become more crucial than ever before. Recently, George Karolis from The Presidio Group and Champ Rawls from The Rawls Group discussed the multifaceted landscape [...]

The Vital Difference between Estate Planning and Succession Planning for Your Business

2023-07-07T10:28:33-05:00By |Agriculture, Succession Blog|

As the saying goes, "failing to plan is planning to fail," - and this statement couldn't be more valid in growing your business. To achieve your vision and ensure long-term success, it's not enough to focus solely on the present; you must also proactively create strategies and plans to turn your dreams into reality. [...]

Fuel Dealer’s Game-Changing Strategy Secures a Thriving Future

2023-08-30T12:19:56-05:00By |Energy, Succession Blog|

In the ever-changing fuel industry, dealers seeking to evolve out of day-to-day operations while continuing to secure their financial future must go beyond hope alone. While many fuel dealers aspire to sell their businesses and cash in, others seek secure investment opportunities amid economic uncertainty. The idea of passing the torch to family members [...]

Overcoming the Obstacles in Succession Planning for Auto Dealerships

2023-06-29T14:58:50-05:00By |Advisor Collaboration, Automotive, Strategic Considerations in Automotive Retail, Succession Blog, Video|

Understanding business owners’ challenges in succession planning for car dealers is crucial for securing long-term success. In a thought-provoking discussion, George Karolis from The Presidio Group offers valuable insights into the main obstacles encountered and highlights the importance of informed decision-making and expert guidance. Obstacle 1: The Decision Dilemma The [...]

Succession Planning and Family Generational Wealth Transfer

2023-08-11T13:29:43-05:00By |Automotive, National Association of Minority Auto Dealers, Succession Blog, Video|

Succession planning is a critical consideration for anyone looking to transfer their wealth to future generations. However, it is also important to consider the broader implications of asset transfers, especially when it comes to creating equitable opportunities for your minority key managers. In a recent video, Jean Venant, Succession Planner [...]

Preparing Your Successor

2023-07-07T15:45:30-05:00By |Automotive, Succession Blog|

Leading with Resilience, Winning Against Tough Competitors, and Overcoming Adversity Given our extensive experience working with numerous family business owners, we fully understand the challenges of balancing the family or the business when dealing with family members in your company. However, regardless of your approach to grooming your child as a successor owner, the [...]

Auto Dealership Growth Strategies: Strategic Planning & Goal Setting

2023-06-29T14:59:08-05:00By |Advisor Collaboration, Automotive, Strategic Considerations in Automotive Retail, Succession Blog, Video|

Strategic Decision-Making in Auto Dealership Growth: Charting the Path to Success In a thought-provoking discussion focused on Succession Planning and Strategic Considerations in Automotive Retail with Jason Stein from Flat Six Media, George Karolis of The Presidio Group, and Champ Rawls, a Succession Planner with The Rawls Group, they shed [...]

Crafting a Winning Company Culture: Creating an Organizational Playbook

2023-06-30T09:12:32-05:00By |Construction, Succession Blog|

Developing a strong and successful company culture requires defining and communicating a mission, vision, and core values. To create an "Organizational Playbook," these elements must be integrated into organizational policies, procedures, and onboarding processes. It's important to understand that an Organizational Playbook goes beyond a casual use of the term and is a significant [...]


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