50/50 Is Not Always Nifty: Partnerships that Don’t Work

2021-06-03T08:59:55-05:00By |Succession Blog, Video|

In Marvin Storm's Business Exit Strategies Podcast Episode titled: "50/50 Is Not Always Nifty – Partnerships That Don’t Work, Champ and Loyd Rawls share 4 different stories illustrating the potential, possible and probable issues impacting the ongoing success of the business.  Highlights include: The CONTROL Rod: A family operation with three [...]

How Can Franchisees and Dealers Retain or Increase Their Sales?

2021-05-17T16:13:31-05:00By |Advisor Collaboration, Burning Questions, Multi-Unit Franchising, Video|

Unknowns and uncertainty can have a direct negative impact on culture. Emotions stir internally, therefore a store manager has to reset the thermostat to a “we will thrive” setting. How you react matters when coming out of a pandemic, crisis, or any other situation in which your employees may be [...]

How Can I Protect Our Multiples & Value During Difficult Times?

2021-05-10T10:05:13-05:00By |Advisor Collaboration, Burning Questions, Multi-Unit Franchising, Video|

Protecting the value of your business is what succession planning is all about. When going through, as well as, once on the other side of difficult times, take another look at your business with a fresh set of eyes.  Consider looking at your business from a buyer's perspective.  It is [...]

What Should I Do Now to Operationally Protect My Business From the Unknown?

2021-05-10T09:48:47-05:00By |Advisor Collaboration, Automotive, Burning Questions, Video|

The unknown is unpredictable and unavoidable. However, you can protect your business from an operational perspective in some very simple ways. One of the most critical components revolves around communication. Clear, open, and consistent communications with clients, customers, and employees help to keep rumors and uncertainties to a minimum while [...]

How Do I Safeguard Business Continuity if I, as the Operator or Key Leader, Gets Sick?

2021-05-24T08:31:33-05:00By |Advisor Collaboration, Burning Questions, Multi-Unit Franchising, Video|

It should not take a pandemic to showcase the importance of planning. Prior to the pandemic, many business owners had not considered the creation of a contingency plan, however, it is top of mind for many now. One way to ensure you have protected the operational and financial continuity of [...]

How Do I Motivate My Children, Nephews, In-laws, etc. to Come Into My Business?

2021-04-29T11:43:20-05:00By |Dr. Merlot, Succession Blog, Video|

Your behavior and attitude towards the business act as role model behavior for your family. Therefore, speaking and showing positive feelings regarding the business is the best way to motivate the family to join. Express how much you enjoy it, the exciting and wonderful career opportunities and prospects for growth. [...]

What if Family Doesn’t Want, or Have the Ability to Fill Your Shoes as Leader?

2021-04-23T15:20:27-05:00By |Succession Blog, Video|

Some sort of transition strategy, or a succession plan, is critical for every family business. What will the future look like, will it stay in the family, do we want to sell are 3 critical questions to consider. Listen in and learn from Jean Venant, a succession planner with The [...]

Creating Leadership Bench Strength for Succession Planning

2021-06-08T09:06:35-05:00By |Succession Blog, Video|

Listen in to Jéan's insight into how to create organizational bench strength to power your business through transition. The term bench strength may appear indirectly placed in your business as the term generally relates to a weight lifting exercise. However, just as an individual leverages a bench press to create [...]

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