Your Golden Goose: Keep or Sell?

2021-08-27T11:58:53-05:00By |Agriculture, Newsletter Archive, Professional Services, Succession Blog, Succession Matrix-10 Point Perspective|

Dealers are seeing record profits in spite of a global pandemic and limited inventories.  This has many dealers wondering if they should be building the portfolio by buying more stores or taking advantage of the market and selling to get top dollar, and others are wondering what will happen if they just stay in [...]

Die Hard Lesson #337 – Plan Or Die, Don’t Do Both

2021-09-22T08:17:09-05:00By |Succession Blog, Succession Matrix-10 Point Perspective, Video|

 A plan is simply a snapshot in time. It considers all assumptions made at the time of developing it has played out exactly as prophesized. But, our worlds are action-packed and dynamic, which leads to the saying by Robert Burns “The best-laid plans of mice and men often go awry. [...]

Family Business: Harboring Gratitude versus Resentment

2021-06-08T09:07:17-05:00By |Succession Blog, Succession Matrix-10 Point Perspective, Video|

Listen in to Hugh’s insight into how to create meaningful strategies to ensure you are harboring gratefulness versus unintended resentment amongst family. A grateful heart is significant when we feel we’ve gone above and beyond to provide something for our children/grandchildren. Knowing our children are thankful usually inspires us to [...]

Succession Planning Learnings from the Suez Canal Boat Debacle

2021-04-23T16:04:33-05:00By |Leading Your Business Through Transition, Succession Blog, Succession Matrix-10 Point Perspective, Video|

One small misstep that was unforeseen, unexpected, and totally not at all planned for has had impacts on the global economy at large. Similarly, succession planning, if not engaged in, can do the same thing to the personal financial future of a business owner AND the sustainability of the business. [...]

Bench Strength and Succession Planning

2021-04-05T09:32:05-05:00By |Agriculture, Automotive, Construction, Distribution & Logistics, Leading Your Business Through Transition, Manufacturing, Multi-Unit Franchising, Newsletter Archive, Professional Services, Succession Blog, Succession Matrix-10 Point Perspective|

The term bench strength may appear abstract and very indirectly placed in your business as most would consider the term (bench-strength) to define one person laying on a bench-press while on the brink of lifting a weighted bar. However, if we conceptualize the components of skills, capabilities, experience, and who contributes those components daily [...]

Selling or Transferring: Building and Protecting Business Value

2021-04-05T09:28:00-05:00By |Agriculture, Automotive, Construction, Distribution & Logistics, Leading Your Business Through Transition, Manufacturing, Multi-Unit Franchising, Newsletter Archive, Professional Services, Succession Blog, Succession Matrix-10 Point Perspective|

Your business's value depends on the strength and quality of operations, culture, people, and reputation. These areas can be where they need to be to take your business into the future IF you commit to succession planning. Your business is more valuable to you than anyone if you can create an effective union of [...]

Family Dyamics and Governance – A Positive or Negative Influence

2013-12-03T22:16:17-06:00By |Succession Matrix-10 Point Perspective|

 “Families” comes in all forms, shapes and sizes including in-laws, cousins, children, step children and even business partners who are also best friends. The relationships you have with those in your formal and informal family have a positive or negative impact on the achievement of your business goals and succession vision. Bickering among active and [...]

What You Should Know About Successor Identification and Development

2013-12-03T22:11:36-06:00By |Succession Matrix-10 Point Perspective|

Building a business that will continue and succeed through multiple generations requires a focus on successor identification and development. There are six key attributes for evaluating your potential successors: availability, competence, character, commitment, capacity, and community. Some successors are obvious based upon their demonstrated performance and potential. However, most successor candidates have to be identified [...]

Management Synergy and Teamwork – It Takes a Village

2013-12-03T22:07:30-06:00By |Succession Matrix-10 Point Perspective|

Teamwork is imperative to business succession simply because you cannot do it all. The call for teamwork extends to your business partners, supporting family members, aspiring successors, key managers, employees, vendors, suppliers, advisors, and of course you as the owner. However, teamwork is not a natural behavior in business, as those involved tend to be [...]

What is Changing In the Areas of Estate Tax?

family-business-succession-planning

Planning Opportunities To Take Advantage of Now

family-business-succession-planning

Leadership in Uncertain Times

family-business-succession-planning
Go to Top