In the dynamic world of automotive dealerships, one constant remains, which is change. Whether you're a seasoned dealership owner or a key player in the automotive industry, understanding the pivotal events that trigger valuations is essential for informed decision-making and the continued success of your family business. In this video, [...]
Minority auto dealers face unique challenges when building wealth and planning for the future. With a rapidly changing industry, it's crucial to have a solid growth and succession strategy to ensure financial sustainability. From identifying talented individuals within the organization to expanding investment portfolios, there is an array of strategies [...]
In this enlightening video, Joe Jankowski, Managing Member of Armatus Dealer Uplift, shares his journey and the profound impact a holistic approach to succession planning has had on his family business, relationships, and overall business trajectory. Key Insights: Discover the secrets behind Joe's success story as he delves into the [...]
Succession planning is pivotal in ensuring the longevity and continued success of businesses, especially within the flooring industry. This complex process requires foresight, strategic decision-making, and careful consideration of both business and family dynamics. Kendall Rawls, Director of Development at The Rawls Group, shared her invaluable insights on this intricate subject with Floor Covering [...]
In the complex world of the car business, successful partner negotiations are crucial for ensuring the smooth retention and motivation of key leaders. Car dealers face unique challenges when aligning expectations, especially in developing and retaining top talent to support growth strategies, enhance business value, secure longevity, and achieve family and business succession goals. [...]
In the fast-paced world of car dealerships, knowing when to pursue a valuation for your business is a question that often puzzles owners. In this video, we explore the critical timing considerations for valuations, focusing on one area that demands precision: wealth transfer within the next generation of dealership owners. [...]
In this video, Joe Jankowski, the Managing Member of Armatus Dealer Uplift, provides his experience as a family business owner in strategic succession planning. In this enlightening video, Joe dispels common misconceptions surrounding succession planning and offers invaluable insights into the multifaceted nature of this critical business endeavor. Debunking Myths: [...]
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 [...]
Succession planning in a family business involves much more than drafting wills and trusts. While these legal aspects are crucial, they represent only a small fraction of the overall picture. To ensure the long-term success and sustainability of your family business, you must consider various factors, including culture, strategic growth, and the intricate dynamics [...]
Ensuring long-term success and sustainability for your dealership goes beyond daily operations. It requires foresight, planning, and the ability to anticipate and mitigate challenges, especially when envisioning a seamless leadership transition. With the complexities of the automotive industry, dealers face numerous hurdles in growing a sustainable business. Let's explore these challenges and find tailored [...]
