Succession Success Stories

Welcome to our captivating video series that delves deep into family business succession planning. Join us on an enlightening journey as we unveil real-life case studies demonstrating the profound impact of The Rawls Group’s expertise and proven succession process on the lives of our clients. Prepare to be inspired by their stories of challenges conquered, and triumphs celebrated while navigating the intricate landscape of family dynamics, employee and customer expectations, and ever-evolving competition.

In this compelling video series, you’ll witness the tangible difference that effective succession planning can make in preserving family harmony, orchestrating a seamless transition, business growth, and securing the enduring prosperity of the business.

Throughout this series, you’ll gain profound insights into the essential components of a successful family business succession plan. From fostering effective communication and adept conflict resolution to nurturing strategic leadership development and sound strategic planning, The Rawls Group’s expert counsel and holistic approach have played a pivotal role in helping our clients achieve their desired outcomes.

Moreover, this video series underscores the significance of long-term planning and proactive decision-making when safeguarding the legacy of a family business. With thoughtful succession planning, families can bridge generational divides, nurture cohesion, and create a lasting impact that transcends the boundaries of their enterprises.

Whether you’re a family business owner seeking inspiration and guidance for your succession journey or a professional advisor aiming to bolster your expertise in this specialized field, this video series is a treasure trove of invaluable insights. Learn how practical strategies have positively transformed the lives of families, employees, and communities associated with these family businesses.

Chastang Ford: A Houston Ford Dealer’s Succession Planning Journey

2023-09-29T17:51:07-05:00By |Automotive, Chastang Ford's Succession Planning Journey, 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 [...]

Empowering Next-Gen Family Members, Both In and Out of the Business

2023-09-29T18:36:36-05:00By |Multi-Unit Franchising, Succession Blog, Succession Palooza - Celebrating Succession, Succession Success Stories, Video, WKS Restaurant Group's Succession Journey|

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 [...]

Succession Strategies for Ever-Evolving Families and Businesses

2023-09-29T18:43:11-05:00By |Multi-Unit Franchising, Succession Blog, Succession Palooza - Celebrating Succession, Succession Success Stories, Video, WKS Restaurant Group's Succession Journey|

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 [...]

How Succession Planning Transforms Businesses into Profit Powerhouses

2023-09-29T18:58:43-05:00By |Automotive, Century Automotive Group's Succession Story, 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 [...]

How Succession Planning Fosters Trust & Empowers Next-Gen Leaders

2023-09-29T19:19:11-05:00By |Automotive, Century Automotive Group's Succession Story, 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 [...]

Building Strong Family Bonds & Growing a Business with Lasting Community Impact

2023-09-29T19:02:38-05:00By |Automotive, Century Automotive Group's Succession Story, 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 [...]

Title

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