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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Houston Ford Dealer Reveals the Crucial Need for Succession Planning

2024-03-18T16:58:30-05:00By |Automotive, Automotive Succession Planning: Chastang Ford, Succession Blog, Succession Success Stories, Video|

Successfully integrating family into business leadership while balancing family dynamics is full of complexities. As Joe Chastang shares, many private and family business owners screw it up. Thanksgiving and Christmas come around every year, and the business provides for 100+ employees. Mismatched expectations, communication differences, and management styles can create [...]

Avoiding Emotional Landmines in Succession Planning

2024-03-18T17:02:46-05:00By |Automotive, Automotive Succession Planning: Chastang Ford, Succession Blog, Succession Success Stories, Video|

As Joe Chastang shares, getting your company started, running it, and being successful is a good feeling. Seeing your kids step in and do better is a better feeling. In 2015, when Joe embarked on the succession planning journey led by Jeff Faulkner and Jeff Bannon, he reviewed the action [...]

Importance Of Establishing Family Governance Policies for Auto Dealership Succession

2024-03-18T17:05:09-05:00By |Automotive, Automotive Succession Planning: Chastang Ford, Succession Blog, Succession Success Stories, Video|

Joe emphasizes the importance of proactive automotive succession planning. Neglecting the future sustainability of the business not only harms profits but also jeopardizes the livelihoods of dedicated employees. Succession planning isn't solely about transferring ownership—it's about securing ongoing success for those who rely on the business for their livelihoods. Nepotism, [...]

Hidden Power of Succession Planning

2024-03-18T17:08:06-05:00By |Automotive, Automotive Succession Planning: Chastang Ford, Succession Blog, Succession Success Stories, Video|

Transforming Companies through Enhanced Leadership and Strategic Management Succession planning builds value. Joe shares that one of many benefits of the succession planning process was learning how to run the company better. As a car and heavy truck dealer, Joe Chastang and his leadership team are good at selling vehicles, [...]

How Succession Planning Fuels Focused Leadership and Drives Strategic Objectives

2024-03-18T17:10:12-05:00By |Automotive, Automotive Succession Planning: Chastang Ford, Succession Blog, Succession Success Stories, Video|

High-performance cultures require discipline. Formalities, efficient processes, and strategies that reward teamwork and achieving goals motivate and inspire employees to go the extra mile. As Joe shares, the succession planning process helped his leadership team focus on priorities which has resulted in managing their company, employees, and family-business dynamics. Because [...]

The Surprising Benefit of Succession Planning – Enhancing Interactions for Lasting Success

2024-03-18T17:13:51-05:00By |Automotive, Automotive Succession Planning: Chastang Ford, Succession Success Stories, Video|

Familial communication patterns can create stress in the business environment. Assumptions, stereotypes, and emotional baggage often cloud judgment, reactions, listening, and getting to know someone as an adult versus just a sibling or child. Many believe a Will, Trusts, and business agreements are the crux of succession planning; however, as [...]

Navigating Succession: Balancing Family and Business

2024-03-18T15:59:48-05:00By |Automotive, Automotive Succession Planning: Chastang Ford, Succession Success Stories, Video|

From Joe's perspective, succession planning is the most reasonable thing he has done to help his business. As Joe says, "Like it or not, the family business is tough." It never is "just business" when the family is involved, so it is hard to separate business and family matters. However, [...]

The Power of Succession Planning for the Business, Employees, Families, and Community

2024-03-06T13:48:00-06:00By |Automotive, Automotive Succession Planning: Chastang Ford, Succession Blog, Succession Success Stories, Video|

Many lives depend upon the business's ongoing success, employees, families, and community. Succession planning is an investment that returns incredible dividends. Whether you are looking to transition ownership or sell for the highest multiple, succession planning ensures you have the right amount of capital, the right people to lead, and [...]

Harmonious Family-Business Integration through Succession Planning

2024-03-18T16:46:53-05:00By |Automotive, Automotive Succession Planning: Chastang Ford, Succession Blog, Succession Success Stories, Video|

Integrating family into the business is a tricky process. Commonly, owners are either too easy or too hard on their kids, and with no formal process, next-generation flounders. Insecurities and resentment grow in this environment, impacting professional development and family relationships. Succession planning provides formality and discipline for the family [...]

Developing Future Leaders: Empowering the Potential of the Next Generation

2024-03-18T16:54:00-05:00By |Automotive, Automotive Succession Planning: Chastang Ford, Succession Success Stories, Video|

Succession planning shows your employees you care and are committed to being around for the long haul. In addition, the business provides for many families, so engaging in long-term planning and communicating strategic plans is a talent recruitment and retention tool. Employees have certainty about their income's future and a [...]

What is Changing In the Areas of Estate Tax?

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Planning Opportunities To Take Advantage of Now

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Leadership in Uncertain Times

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