Succession Palooza – Celebrating Succession

Succession Planning & Taking Control of Your Future

We are in the business of celebrating succession!  What better way to celebrate succession planning than to highlight success stories, discuss strategies to grow the business, cultivate strong relationships and build business value.  You, as a business owner, are in a power position.  With action, you can create control over your future.

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Chastang Ford – Houston Ford Dealer

2022-08-04T15:21:07-05:00By |Automotive, Succession Success Stories, Video|

As a first-generation business owner, Joe Chastang has built a solid and successful diversified business in downtown Houston, TX. Initially, an employee of Volvo heavy truck, starting in 1991, Joe purchased a Volvo franchise in '94 when Volvo decided to eliminate their corporate-owned stores. After nine years of ownership, and [...]

It is Possible to Be Equitable

2022-04-08T13:58:58-05:00By |Multi-Unit Franchising, Succession Blog, Succession Palooza - Celebrating Succession, Succession Success Stories, Video|

Thirty-five years ago, Roland Spongberg started a restaurant company with one El Pollo Loco in Long Beach, CA. Today, WKS Restaurant Company employs 12,000 employees across 375 restaurants in 19 states operating Denny’s, El Pollo Loco, Krispy Kreme, and Wendy’s. From a pure family perspective, with six children, Roland initially [...]

Strategies Evolve as the Business & Family Evolves

2022-04-08T14:00:25-05:00By |Multi-Unit Franchising, Succession Blog, Succession Palooza - Celebrating Succession, Succession Success Stories, Video|

Roland Spongberg became interested in succession planning after a car dealer friend shared difficulties he was experiencing with his siblings. With no desire to cash out, and a father of six kids, with some working in the business and some not, Roland began thinking about the future and opportunities he [...]

You Can Get What You Want

2022-02-10T14:54:40-06:00By |Automotive, Succession Blog, Succession Palooza - Celebrating Succession, Succession Success Stories, Video|

Developing strategies for growth are essential to succession, especially in Century Automotive Group’s case, where four kids are interested in the business within the third generation.  As Tracy shares in our discussion, the succession process created a forum to determine: Strategic Plan for the next five years Organizational structure and [...]

Roadmap to Family and Business Success

2022-02-10T14:52:47-06:00By |Automotive, Succession Blog, Succession Palooza - Celebrating Succession, Succession Success Stories, Video|

A family business is such a wonderful opportunity.  However, many 2nd, and 3rd generation business owners screw it up.  And as Tracy shared, she and her husband did not want to be the generation to screw it up.  With the third generation entering the business, Tracy and her husband felt [...]

Thriving for Three Generations

2022-02-10T14:56:21-06:00By |Automotive, Succession Blog, Succession Palooza - Celebrating Succession, Succession Success Stories, Video|

Century Automotive Group is thriving across three generations. Love and commitment to nurturing family relationships have been vital ingredients for their success. From Tracy’s integration into the business as the second generation, and now the third generation actively working in the business; they live by there is no business gain [...]

Looking To Grow? Turning Your Vision Into Reality

2022-02-10T15:18:24-06:00By |Advisor Collaboration, Automotive, Multi-Unit Franchising, Succession Palooza - Celebrating Succession, Succession Video Discussions, Succession, Growth and Acquisitions|

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 [...]

Acquisition and Business Succession: Why You Must Have a Growth Mindset

2022-02-10T15:20:16-06:00By |Advisor Collaboration, Automotive, Succession Blog, Succession Palooza - Celebrating Succession, Succession Video Discussions, Succession, Growth and Acquisitions|

Business Growth is one of the core foundations for succession planning. Although it is assumed succession planning is only about exiting or retiring from the business, it is in reality planning that provides solutions to overcome the possible, probable, and potential issues that impact your vision. We celebrate succession planning [...]

Growth Thru Acquisition: Finances, Timelines and Expectations

2022-02-10T15:20:17-06:00By |Advisor Collaboration, Multi-Unit Franchising, Succession Palooza - Celebrating Succession, Succession Video Discussions, Succession, Growth and Acquisitions|

Succession planning has gotten misconstrued with estate and exit planning amongst business owners, resulting in the process being delayed or avoided until it is too late. Successful owners know succession planning is much more than estate and exit, it is also about building strategies for today's success so you can [...]

Growing Your Business and Net Worth

2022-02-10T15:20:17-06:00By |Advisor Collaboration, Automotive, Succession Blog, Succession Palooza - Celebrating Succession, Succession Video Discussions, Succession, Growth and Acquisitions|

We know a popular definition of succession planning leans towards planning for exit or retirement. However, succession planning is really about setting your business and family up for future success, which is worth celebrating. What better way to celebrate succession planning than to talk about your personal financial goals – [...]

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